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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nah, 1.5 & 20 works good
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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1.5 basically covers everyone's base salaries and our expenses. i don't know about everyone, but the level of available mgmt fee is basically the ceiling to our hiring. when we had room there, we hired. are you offering a model where we get to charge you more when we hire more?
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Based on my (very limited) knowledge of passthrough fee models this is indeed how it works
End of conversation
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