The Investment Scientist

Posts Tagged ‘securities and exchange commission

Is this your fund manager?

Is this your fund manager?

Securities and Exchange Commission Chairman Mary Jo White supports a new rule that would allow hedge funds to market directly to the public. I think that’s a fantastic idea. Let me explain why.

Between 1998 and 2010, hedge fund managers earned “only” $379 billion in fees. Do you know how much they made for investors?

Before you answer that question, you should be aware that one-third of hedge fund money is channeled through funds of funds. Their managers need their cut too. Between 1998 and 2010, their take was about $61 billion.

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Michael Zhuang is principal of MZ Capital, a fee-only independent advisory firm based in Washington, DC.

Twitter: @mzhuang

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