there is at least one person that I follow on Twitter that I would give my money to invest if they started a hedge fund tomorrow
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Obviously it would be conditional on them having a large % of their net worth invested alongside. Big problem is that if someone starts a fund they can’t continue to trade in the same way they do in their PA — larger size makes it more difficult to be nimble, and
reporting request, compliance and fee structure induce people to be more conservative than they otherwise would be. Optimal fee structure is like 0%/20% but you can’t run a business like that! Expenses + 10% could be a good compromise.
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Anyway this is definitely overthinking this throwaway question (:
Thanks. Twitter will use this to make your timeline better. UndoUndo
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nah, 1.5 & 20 works good
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What would you do differently if you had an expense pass through instead of mgmt fee, i.e. mgmt fee = expenses (rent, data, admin + legal, salaries, contractual payouts for sub-PMs) plus a performance fee that left your annual profit unchanged in expectation?
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