jim rogers sells house and moves to asia

``Sugar could quadruple from here and it would still be below its all-time high,'' said former George Soros partner James Rogers, 63, who founded Lausanne, Switzerland-based Diapason Commodities Management SA, which oversees $3.5 billion.


When did he set this up? If he is getting 2 and 20 then he made $70 million just setting it up.
 
Quote from just21:

``Sugar could quadruple from here and it would still be below its all-time high,'' said former George Soros partner James Rogers, 63, who founded Lausanne, Switzerland-based Diapason Commodities Management SA, which oversees $3.5 billion.


When did he set this up? If he is getting 2 and 20 then he made $70 million just setting it up.
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If this is a part of his "indexing" approach, I doubt if he's getting anywhere near these typical fees.
 
I said this before, if you start a fund with $3 billion and you are getting 1% management fee and even 10% incentive fee, just dump it all in treasuries for the year and earn 4%.

At the end of the year, pocket the $30,000,000 in fees minimum and then close the fund apologizing for average returns....

:D
 
Quote from just21:

America has intergrated immigrants much better than Europe. You don't have home grown suicide bombers like Britain.
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YET----give it a little time.
 
Quote from optioncoach:

Lol well he lost money and is short of funds and Asia has no extradition....

So selling a house and moving overseas makes sense :D
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He may have waited too late on selling the house for that kind of money. Should be interesting to see if he gets the 15 mill.

He may set the top in NY housing. Maybe people will start dumping their real estate.

Once he started teaching his little girl chinese ---word got out and there was an immediate shortage of Chinese Nannies!!!
 
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