Nobody likes to be called a dummy by a dummy.

wall street

...the top 25 hedge fund managers combined appear to have earned more than all 500 S&P 500 CEOs combined (both realized and estimated).

http://www.marginalrevolution.com/marginalrevolution/2007/07/ive-been-waitin.html
Permalink bob 
July 22nd, 2007 2:07pm
2% plus 20% makes for a nice take-home package.

Of course, it also provides for significant motivation to earn money for your clients.
Permalink Send private email xampl 
July 22nd, 2007 2:33pm
A Bear Stearns hedge fund lost 91%, or $1.5 Billion of the investors money.  I wonder what kind of salary those managers got.
Permalink Send private email sharkfish 
July 22nd, 2007 2:57pm
I feel pretty comfortable suggesting that all the managers of those bear funds are multi-millionaires.
Permalink bob 
July 22nd, 2007 2:58pm
I think they still do nicely. Often they take a fixed chunk of asset value as well.
Permalink son of parnas 
July 22nd, 2007 2:59pm

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