Steve Cohen and his SAC hedge fund charged 3 and 50% of net profits at its heyday prime back then. (@9:10 mark)
Ironically SAC was well worth it. This comment will generate lots of bullshit about insider trading, but I'd pay 3 and 50 for his skillset. I presume he'll get it again when he restarts.
"Skillset"? Wasn't his firm convicted for some form of front-running? If I recall correctly, he allegedly paid top commissions to firms to get their stock picks/downgrades before they were made public. (That's what you call "having an edge".)
Not sure how a customer could front run. He was tagged for failure to supervise and had a PM tagged for insider trading. Both events were clearly a problem - no argument there. I'd beat a path to his door at 3 and 50 and I expect he will have no problem harvesting billions when he reopens as a HF.
"I don't want to be a member of a club that would have me as a member. " Groucho Marx re: $20 billion in committment it is mass hysteria. nothing good can come out of it.
Possibly. There may be those on here who aspire to be hedge fund managers or start their own shop. Or there may be those wanting to invest in hedge funds.