So HF manager buys 100mil FB on Friday, good read, good read.

Is this a joke?

http://www.businessinsider.com/exclusive-qa-a-hed…

i think my shot of becoming a hedge fund manager just got a huge boost.

ps: should this guy be a PM instead of HF manager? like fucking BI always through big names on ppl.

 
blackrainn:
some_text
[quote]The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.[/quote]
 

LOL.

[quote]The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.[/quote]
 
JoshFi7:
Edmundo Braverman:
Guess what? He'll still collect 2% of his remaining AUM this year. Hedge fund comp is such a joke. Nowhere else can you be paid that much to be that wrong.
Might be true. But no business runs you out of business faster than losing money.

If only that were true. Finance is the most forgiving business in the world for those who lose money. It seems the higher profile the loss, the better job you get next time.

 
JoshFi7:
Edmundo Braverman:
Guess what? He'll still collect 2% of his remaining AUM this year. Hedge fund comp is such a joke. Nowhere else can you be paid that much to be that wrong.
Might be true. But no business runs you out of business faster than losing money.

Or gives more second chances to colossal screw-ups. Also, when they lose money, managers don't earn any promote until they make it all back. Sometimes the economical thing to do is just shut it down and go work at a fund that's above its high water mark.

 
tctc33:
JoshFi7:
Edmundo Braverman:
Guess what? He'll still collect 2% of his remaining AUM this year. Hedge fund comp is such a joke. Nowhere else can you be paid that much to be that wrong.
Might be true. But no business runs you out of business faster than losing money.

Or gives more second chances to colossal screw-ups. Also, when they lose money, managers don't earn any promote until they make it all back. Sometimes the economical thing to do is just shut it down and go work at a fund that's above its high water mark.

The saddest thing about these funds is that everyone analyzes their inception return.

Therefore inception may be positive but dollars returned to investor negative.

Year 1: Return 50% on $10million. Account=15million. Year 2: Investors deposit 5 million for AUM of 20 million. Return 50%=Account =30 million Year 3: Investors deposit 30 million for total Aum of 60 million. So far invested is 10 million, 5 million, 30 million=45 million. Now it only takes a 25% loss to wipe away all profit returned by manager. But it takes 50% loss to get the inception to 0%

 
Best Response
JoshFi7:
tctc33:
JoshFi7:
Edmundo Braverman:
Guess what? He'll still collect 2% of his remaining AUM this year. Hedge fund comp is such a joke. Nowhere else can you be paid that much to be that wrong.
Might be true. But no business runs you out of business faster than losing money.

Or gives more second chances to colossal screw-ups. Also, when they lose money, managers don't earn any promote until they make it all back. Sometimes the economical thing to do is just shut it down and go work at a fund that's above its high water mark.

The saddest thing about these funds is that everyone analyzes their inception return.

Therefore inception may be positive but dollars returned to investor negative.

Year 1: Return 50% on $10million. Account=15million. Year 2: Investors deposit 5 million for AUM of 20 million. Return 50%=Account =30 million Year 3: Investors deposit 30 million for total Aum of 60 million. So far invested is 10 million, 5 million, 30 million=45 million. Now it only takes a 25% loss to wipe away all profit returned by manager. But it takes 50% loss to get the inception to 0%

I don't think we judge an HF's success based upon its since-inception return...

I hate victims who respect their executioners
 

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