About Time
September 27th, 2005 by BWV
From the WSJ:
- Janus Capital Group proposed that it switch to performance-based management fees that will let it collect more when its funds do well, and less when they don’t.
For those of you that don’t know, I am intensively considering opening up a money management shop. I would almost exclusively charge fees based primarily on performance.. hedge fund style.. 1% of assets + 20% of profits.
In my opinion, this is how all investment managers should be paid (or not paid, if the investor does not do well).
