Funds make money on failed investments too. I'd be happy to throw away someone e... | Hacker News

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		nikanj on Dec 4, 2019 \| parent \| context \| favorite \| on: How to proceed when you run out of cash, but you s... Funds make money on failed investments too. I'd be happy to throw away someone else's money, if I got to keep 20% as a management fee - and a slice of the profits in case one of my lottery tickets is a winner.

shagbag on Dec 5, 2019 [–]

Typically they'd get 2% of assets under management, not 20%.

zhoujianfu on Dec 5, 2019 | [–]

2% a year for 10 years..

gnaritas on Dec 5, 2019 | | [–]

Which is about 18% of the original investment, not 20, assuming no gains or losses.

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