i know one of his clients i will ask but i think wait i will just call and ask now, 2 and 20 yes, and has one called 2 plus which is long term he does not charge a mgt fee but charges 25 percent fee. wow update he has a wide variety of programs that start at 2 and 20 and go up from there he has a 4 and 20 and a 2 and 30 and some others but only one is no mgt fee the long term one which is just strait 25. i am getting documents latter today which will show everything, where the money is at and all the trades and various programs etc.
I have had many contacts based on my initial post to this thread. If you have an interest we are aiming to have all shooting wrapped by Dec 20.
2002- Toby Crabel, with nearly 300 different systems in production, finishes 10 years without a single losing year, with an 11% average annual return, with a maximum drawdown of 4.24% over the period, and with well over a billion dollars under management charging a 3% management fee. not wishing to get an argument with makloda but is this considered to be an acceptable return. sounds barely acceptable in a nontaxable account and unacceptable return in a taxable account compared to a buy and hold account.
toby has over 4 billion now! and growing some of his programs are 11 million minimum to participate. i am soon financing my son who is a cta to replicate what toby is doing just pay homage to him. i often wish i had taken a more conservative approach to trading myself, but i would have not known what i know either. i often think what toby could have done with the resources i have been exposed to, he would have eclipsed the #1 spot of wealth without doubt. an interesting note is that in 1993 toby was all but flat broke and about homeless. he had sold the keys to the kingdom yet he was not wealthy, no one would take what he sold then and do anything with it. mb