2% Management fee, annualized and payable monthly

Are there a lot of variations to the standard deal and the way they are calculated?

I remember when I was shortly a CTA, The NFA was all over my Disclosure Doc's in regards to the calculation of the incentive fee and what was standard...

Do Hedgefunds have this stringent regulation?

Michael B.
 
Quote from ElectricSavant:

interesting.

In KevinK's example if you had a system that experieced an extended drawdown the calculation he illustated could be advantagous regarding the management fee.

As far as the standard 2/20 deal the incentive fee is where the money is made, thats rather obvious, regardless of the which illustrations in this thread.

Michael B.
More...

I don't agree.

The management fee is the key; the reason for deleveraging ...
 
I can agree with that personally, but I was waiting for some to say that if you don't have a good system and can't work for straight commish...then your not worth your salt...

For my trading a standard deal would suffice...

Michael B.


Quote from metooxx:

I don't agree.

The management fee is the key; the reason for deleveraging ...
More...
 
Quote from ElectricSavant:

I can agree with that personally, but I was waiting for some to say that if you don't have a good system and can't work for straight commish...then your not worth your salt...

For my trading a standard deal would suffice...

Michael B.
More...

Look at Crabel last year; great example ...
 
Quote from ElectricSavant:

Wasn't he that guy with a 5% management fee?
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I don't have it in front of me but I seem to remember he has a high AMF, very low leverage and he didn't make the risk free return last year.

I will check on Tuesday in case I am incorrect ...
 
Great..

By the way, I have always enjoyed your infrequent posts here in ET...(infrequent posting is one thing I have not mastered :))

Michael B.



Quote from metooxx:

I don't have it in front of me but I seem to remember he has a high AMF, very low leverage and he didn't make the risk free return last year.

I will check on Tuesday in case I am incorrect ...
More...
 
Quote from ElectricSavant:

Great..

By the way, I have always enjoyed your infrequent posts here in ET...(infrequent posting is one thing I have not mastered :))

Michael B.
More...

Thank you.

A few years ago I posted all the time; it is harder now and the audience is different. I remember when I was ahead of Nitro...
 
I have hard the veterans speak of a handle...hit....mantrader...something or other...

I am told those were awesome days...

I love to search the archives here...

Michael B.

P.S. Folks if you read the archives here, you can understand the respect I give to some traders..



Quote from metooxx:

Thank you.

A few years ago I posted all the time; it is harder now and the audience is different. I remember when I was ahead of Nitro...
More...
 
Quote from ElectricSavant:

I have hard the veterans speak of a handle...hit....mantrader...somthing or other...

I am told those were awesome days...
More...

Those days where a lot more interesting. Now you have banning and censorship ...
 
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