Wall Street Porn

NEW YORK — The hedge-fund industry is a secretive world led by tight-lipped titans who make more than $1 billion a year. It shouldn’t enjoy having its quirky habits probed on television. But that appears to be what is happening. On Showtime’s “Billions,” two larger-than-life adversaries, U.S. Attorney Chuck Rhoades and billionaire hedge-fund manager Bobby “Axe”…

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How Hedge Funds Get Rich

I used to think that those that ran hedge funds got rich because of their incredible returns.  Then I heard about the 2 and 20 fee structure that most hedge funds charged.  The typical hedge fund fee structure (historically) is 2% of assets under management and 20% of all positive returns.  Therefore, if you gave…

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