Two and Twenty
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What’s it about?
A forensic look at how the '2% management fee and 20% performance fee' built the hedge fund industry, created billionaires, and now threatens to unravel it.
You’ll learn
- How the 'Two and Twenty' fee model works
- Why it creates perverse risk-taking incentives
- The rise and fall of hedge fund superstars
- Why the golden age of hedge funds is ending