A "contact" fee almost equivalent to, and added onto, other performance fees? Well, he certainly wasn't shy, was he? It's a darn good thing that fees don't matter, as Landis82 pointed out earlier. (Just as Reagan "proved" that deficits don't matter, which Cheney assured us. And just as the captain of the Titianic proved that icebergs don't matter.)
Kind of like the broker/dealers.... "we don't really care what you dumass wannabes do, we just make the vig"... you don't see THAT in print.
I guess that the brilliant Mr. Insana was saving those outperforming funds you refer to for another time.
Are you really that ignorant? Do you know how to read with basic reading comprehension? Because you continue to look like a FOOL when you respond in the manner in which you do. "Insanaâs Legends Fund will be structured as a fund-of-funds, and will access the management talents of at least 13 top money managers. SAC Capital Advisors, Renaissance Technologies Corp., Perry Corp. Third Point, Omega Advisors and Icahn Management are among the funds that Legends plans to invest in." June 20th, 2007
Amazing- would you care to lay out the math you used to come up with this figure? It's simply not true, but I'd be interested to learn what you were thinking when you typed this
I guess so. Jump in, the water's fine. And how much did you invest with Mr. Insana? Or did you have enough zeroes in your account to deal with the big boys directly? And speaking of ignorant, I can't seem to get enough of this little ditty:
There you go butting into a conversation trying to show everyone how smart you are, geesh Landis get a life.