Ackman charges his investors an annual management fee of 1.5% and, importantly, a 20% performance fee.
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The adviser will earn a 2% annual management fee on gross assets including cash and cash equivalents.
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The typical annual management fee is 1-2% of funds under management, with some charging as much as 3%.
The fund charges an annual management fee of 1.25% plus a performance fee of 20% on returns exceeding the U.S. Treasury bill rate.
This is because firms get the same 1% or 2% annual management fee and 20% of returns (the "carry") that they did when their funds were much smaller.
After you have paid a 15% government tax (30% for high earners) on contributions, fund managers then take their commission and extract an annual management fee for the privilege of managing your money.
However, the fund charges an annual management fee o.5% of Net Share Value payable monthly in order to provide the sophisticated security and wallet management that one would expect with such large amounts at stake.
Clever hedge fund managers, who stand to reap huge rewards from their 20% carried interest (in addition to their 2% annual fee for assets under management), gleefully bet against the market on the way down and then for it on the way up and made giga-bucks from the rapid down-and-up.
But since its inception in 1991 the fund has averaged a 13% annual return, net of its 1% management fee and 20% commission on profits.
It includes a fairly standard set of perks, like access to premium concert tickets, airline rewards programs and the like, and Bank of America will wave the annual fee for customers who stick with its private wealth and investment management division.
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