I presume that they both already have more money than they know what to do with, so I suspect the management fees weren't the primary motivation. Also they hav

I presume that they both already have more money than they know what to do with, so I suspect the management fees weren't the primary motivation. Also they have office space, employees, computers, etc. None of which are free. Assuming they are collecting the 2% management fee which is allegedly standard, then most of it is probably going towards running the firm.