Meet your new thread, same as the old thread.

[Greedy,Greedy,Greedy]

Originally posted by sgtclub
Part of the 2% covers the manager's expenses, so it's actually somewhat lower than that.

And this depends heavily on fund size - the old $100 million dollar funds usually made very modest amounts off the 2%; the more recent billion dollar funds with the same number of GPs have found the 2% to be a goldmine.