Quote:
Originally posted by Greedy,Greedy,Greedy
Surprisingly, not much more the way they've been structured.
Ten years ago, the average $100 million fund would likely have 3-5 principals who be picking about 4 companies each, with varying investments in each of the 4 companies.
Today, I'd guess the average billion dollar fund has 4-6 professionals who are picking about 4 companies each.
But the investment size is bigger. They've added a few bells and whistles to help them pick better or to provide some additional leverage to their investments (e.g., HR specialists, more skilled analysts, etc.), but really not much.
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In most cases I agree with you. But some funds, like those specializing in overseas investments, have significantly more operating costs than those throwing darts at a board made up of US public cos.
