Pacific Alternative Asset Management Company (PAAMCO)?
IB
Tags:
(Senior Baboon, 206
Points)
on 6/12/10 at 9:19pm
Hey has anyone ever heard of Pacific Alternative Asset Management Company (PAAMCO)? I'm just wondering, since I'm going to shadow there in a week or so and I kinda wanna know how hard I should be trying to get my foot in the door and whatnot. I saw a post from way long ago about it here but I'm wondering if it's changed or advanced at all. And regardless, what does a "Fund of Funds" mean?
Thanks!





A fund of funds is a fund
A fund of funds is a fund that invests in either mutual funds or hedge funds. They take a fee on top of what the hedge fund managers take. HF's generally do 2/20 (2% management fee, 20% performance fee) and FOF's generally take 1/10 (1% management fee, 10% performance fee).