How does PM and multi manager hedge fund firms make money from hedge fund?

If a portfolio manager of a multi-manager hedge fund takes 15% p&l from his AUM annual returns of p&l for himself and his team, how does the hedge fund firms and executives make money from performance fees of the hedge fund? Can anyone tell me what is the structure of compensation at a multi-manager hedge fund and give an example by illustrated math how pm and firms make money from performance fees?

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  • Intern in S&T - Comm
Nov 23, 2021 - 9:13pm

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