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Bloomberg Businessweek Weekend - February 17th, 2023
Bloomberg Businessweek
How Do You Manage Transactions Costs?
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Bob: We charge a 95 basis point management fee which you know when you think about that in the context of say a two and 20 type product. A typical hedge fund strategy will charge what 400 basis points on average per year 95 looks like a good deal. Bob: It also comes with the incredible tax efficiency of an ETF whereas most of these hedge fund structures or fund-to-fund structures are typically LP positions, so they're taxed at ordinary income.
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