If this fund were using 2 and 20 that 2 billion number would be higher - in fact, it would be 15 times higher (160 billion * .02 points * 10 years), and that's

If this fund were using 2 and 20 that 2 billion number would be higher - in fact, it would be 15 times higher (160 billion * .02 points * 10 years), and that's not including the 20% fee on gains. 2 and 20 is a sucker's deal. Stay out of hedge funds if possible.