The wheels in Myron's head were constantly spinning. If he were running a hedge fund and were able to charge the typical 2/20 fees, he'd have made a small fortune managing Bubbie's money during these first three months.
Check out the fee results based on the first three months of being "live" in Bubbie's account:
Fees charged in Bubbie's Wrap Account | Fees charged in a hypothetical hedge fund account | Carry charged in a hypothetical hedge fund account with profits |
$10M with 1% annual wrap fee | $10M... |
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