A "contact" fee almost equivalent to, and added onto, other performance fees? Well, he certainly wasn't shy, was he? It's a darn good thing that fees don't matter, as Landis82 pointed out earlier. (Just as Reagan "proved" that deficits don't matter, which Cheney assured us. And just as the captain of the Titianic proved that icebergs don't matter.)
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CNBC's Ron Insana closing his Fund of Hedge Funds
- Thread starter makloda
- Start date
I guess that the brilliant Mr. Insana was saving those outperforming funds you refer to for another time.Quote from GGallin:
Some of these funds return 100's % per year, you simply cannot access without an introduction of someone who maintains capacity rights. sorry that's just the way it works.
Insana is a brilliant guy, too badhe gave it up too soon
GG
Quote from Thunderdog:
I guess that the brilliant Mr. Insana was saving those outperforming funds you refer to for another time.
Are you really that ignorant?
Do you know how to read with basic reading comprehension?
Because you continue to look like a FOOL when you respond in the manner in which you do.
"Insanaâs Legends Fund will be structured as a fund-of-funds, and will access the management talents of at least 13 top money managers. SAC Capital Advisors, Renaissance Technologies Corp., Perry Corp. Third Point, Omega Advisors and Icahn Management are among the funds that Legends plans to invest in."
June 20th, 2007
Quote from runningman:
I know exactly what the difference is...add up the fees, anyone "investing" through him would only get about 30%-40% of the overall return of SAC. Maybe I'll start a firm to introduce people to the firms who introduce people to hedge funds. The minimum can be like $10,000.
Amazing- would you care to lay out the math you used to come up with this figure? It's simply not true, but I'd be interested to learn what you were thinking when you typed this
I guess so. Jump in, the water's fine.Quote from Landis82:
Are you really that ignorant?
And how much did you invest with Mr. Insana? Or did you have enough zeroes in your account to deal with the big boys directly?
And speaking of ignorant, I can't seem to get enough of this little ditty:
Quote from Landis82:
The management fees didn't matter because Insana's "minimum" was only $500,000..
Quote from Landis82:
The management fees didn't matter because Insana's "minimum" was only $500,000. He was trying to exploit a niche in the marketplace that would offer the "little-guy" an opportunity to have access to the top performing fund managers, without having to pony up the high minimums.
Try getting access to SAC for only $500,000.
They won't even pick up the phone unless you add a zero to that number.
A lot of the idiots on this thread don't seem to realize that.
There you go butting into a conversation trying to show everyone how smart you are, geesh Landis get a life.