Maybe a stupid question but I'm curious to know, how he went about managing his own financial affairs. I mean, obviously he had stacks of cash invested at any given time but how would he have structured payments to himself. Would he just draw from his fund when required? Or did he structure his fund so that he'd possibly take upfront fees based on AUM and use a small portion of that as a salary of sorts?
The reason Im asking is that I was wondering how hedgeling funds and their managers are able to pay their overheads, salaries etc. Even with the old 2&20, I cant imagine how a very early stage fund could even help keep their head anove water with anything less than $10MM AUM. Thanks in advance for any insights.
Submitted October 09, 2018 at 07:39AM by wooden_suit https://ift.tt/2Oi8xR7
