What does this mean? I have never been worthy enough to manage OPM and get a management fee (once I was a CTA but only got an incentive fee). Say I have $10,000,000.00 to manage but I get steady progress in the system. So its like this: Jan $10,000,000.00 Feb $11,000,000.00 Mar $12,000,000.00 Apr $13,000,000.00 May $14,000,000.00 Jun $15,000,000.00 July $16,000,000.00 Aug $17,000,000.00 Sep $18,000,000.00 Oct $19,000,000.00 Nov $20,000,000.00 Dec $21,000,000.00 So annualized does this mean to add all these up and divide by 12 then multiply by 2%? $186,000,000.00/12=$15,500,000.00*2%=$310,000.00/12=$25,833.33 per month? But wait... If it is paid monthly then there must be that deduction made each month from the above monthly balances. Am I getting this right? Michael B.