Earn a pathetic 3.4% return, and get paid $350 million
- Thread starter traderdragon2
- Start date
To make Alphaââ¬â¢s list, a manager needed to earn at least $240 million last year, nearly double the amount in 2005. That is up from a minimum of $30 million in 2001 and 2002. Combined, the top 25 hedge fund managers last year earned $14 billion ââ¬â enough to pay New York Cityââ¬â¢s 80,000 public school teachers for nearly three years.
I thought CEOs were getting away with bloody murder when they negotiated their golden parachute packages, but this is just crazy
What is Jim Simmons true net worth?
The guy keeps on churning out billion per year paydays consistently and much of the AUM is his own.
Frankly, if someone like Simons can give me a 44% return consistently, I wouldn't care what his fees were... He deserves every penny.
I manage a hedge fund and serve as investment counsel for 2 mutual funds right now - you want to know something - i've never had an investor tell me they felt ripped off by the fees for my fund (2%/25%) - they understand that you're providing them a service that they themselves can't/won't do, as well as the fact that sometimes you win, sometimes you loose, but as long as you win in the long-run it's okay
The only people who seem to bitch about the 'outrageous' fees are those who read an internet article or two about fund fees and deem themselves experts on the subject. These people also dont' seem to understand that somebody who made $350M on a 3.4% YTD rtn didn't just get there overnight by scratching his balls and working a dead-end job making $50K/yr hoping to get lucky one day.
That being said; no I didn't make over $100M salary for 2006....I r teh sucky
it's only cheating if you get caught manipulating the market
The only people who seem to bitch about the 'outrageous' fees are those who read an internet article or two about fund fees and deem themselves experts on the subject. These people also dont' seem to understand that somebody who made $350M on a 3.4% YTD rtn didn't just get there overnight by scratching his balls and working a dead-end job making $50K/yr hoping to get lucky one day.
That being said; no I didn't make over $100M salary for 2006....I r teh sucky
it's only cheating if you get caught manipulating the market
Then they haven't seen your post history here on ET.
zing!
