W Wallace Sep 12, 2009 #1 what's an appropriate fee to charge power-of-attorney trading of client accounts ? trading globex futures, no management fee, calculation based on new month's start - end balance what do you charge ?
what's an appropriate fee to charge power-of-attorney trading of client accounts ? trading globex futures, no management fee, calculation based on new month's start - end balance what do you charge ?
R1234 Sep 13, 2009 #3 I do 1% of assets and 20% of profits. If you want to forego the management fee, then you should do 30% incentive.
I do 1% of assets and 20% of profits. If you want to forego the management fee, then you should do 30% incentive.
A ASusilovic Sep 13, 2009 #4 2/25, 1/30, 0/35 or do it like RenTec 3/44. If you're looking for expected returns yoy > 50 % you should increas your standard incentive fee by 5 %, IMO.
2/25, 1/30, 0/35 or do it like RenTec 3/44. If you're looking for expected returns yoy > 50 % you should increas your standard incentive fee by 5 %, IMO.
N nazzdack Sep 14, 2009 #5 Quote from ASusilovic: .....like RenTec 3/44. More... Not 3/44. I believe it's 5/44! :eek:
W Wallace Sep 14, 2009 #6 'Market Folly': April 08/09: Rentec Ratchets Up Positions in Q408 ". . . Medallion charges a 5% management fee and a performance fee > 40%." http://seekingalpha.com/article/130134-rentec-ratchets-up-positions-in-q408 ". . . while Jim Simons' Medallion Fund charged a 45% performance fee." http://en.wikipedia.org/wiki/Hedge_fund
'Market Folly': April 08/09: Rentec Ratchets Up Positions in Q408 ". . . Medallion charges a 5% management fee and a performance fee > 40%." http://seekingalpha.com/article/130134-rentec-ratchets-up-positions-in-q408 ". . . while Jim Simons' Medallion Fund charged a 45% performance fee." http://en.wikipedia.org/wiki/Hedge_fund
A ASusilovic Sep 14, 2009 #7 Quote from nazzdack: Not 3/44. I believe it's 5/44! :eek: More... ooppssss....you're right...got to correct mine, too...
Quote from nazzdack: Not 3/44. I believe it's 5/44! :eek: More... ooppssss....you're right...got to correct mine, too...
N nazzdack Sep 14, 2009 #8 Quote from ASusilovic: .....mine..... More... Don't you have a 5/100 with your fund?
S southbeach4me Sep 14, 2009 #9 I charge 30% of profits, and no mgmt fee for my managed acct futures clients. If for any reason, any of my clients closes their acct before end of year, then the 30% accelerates to a default of 35%.
I charge 30% of profits, and no mgmt fee for my managed acct futures clients. If for any reason, any of my clients closes their acct before end of year, then the 30% accelerates to a default of 35%.
C chipmunk Sep 14, 2009 #10 Hi, Is this a yearly fee? ------------------------------------------------ I charge 30% of profits, and no mgmt fee for my managed acct futures clients.
Hi, Is this a yearly fee? ------------------------------------------------ I charge 30% of profits, and no mgmt fee for my managed acct futures clients.