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Hedge Fund question

Posted: Mon Apr 20, 2009 4:17 pm
by Bob Pl
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.

Re: Hedge Fund question

Posted: Mon Apr 20, 2009 4:21 pm
by Steve Ekstrand
Every year.

Re: Hedge Fund question

Posted: Mon Apr 20, 2009 4:36 pm
by Bob Pl
Steve Ekstrand wrote:Every year.

We should start one, sheesh.