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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (83370)	8/30/2000 9:48:51 AM
From: GuyNixon	Read Replies (2) of 132070

>>>There, a 1% fee and 20% of the profits are standard. You have to get set up with some brokers who can funnel high net worth investors your way, and, of course, you have to send trading commissions their way to do this.<<< MB, I work for a mutual fund co. in the far east and your observation is right on target. Some of our funds are so small, they always get poor managers to run the money and merely mimick the index. We paid about 4.5% to brokers for initial rebate and 0.5% of the management fee for trailer. How much do hedge funds pay the brokers up fronts? And do the brokers also get a cut of the subsequent management fee? Hedge fund is unheard of from where I live.

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