Hedge Fund question
Posted: Mon Apr 20, 2009 4:17 pm
The "standard" cost is 2% of assets under management & 20% of profits.
Is the 2% only on new money or 2% every year on the 12/31/xx balance in the fund?
Thanks.
Is the 2% only on new money or 2% every year on the 12/31/xx balance in the fund?
Thanks.