I got hooked up with this shop that apparently has an index beating 5 year track. Apparently the fund was holding over 200 until a principal investor pulled out and started a new unassociated fund buying out some key employees. The new manager is basically starting from scratch but plans on running with the original record. I'm guessing it is a credibility issue, not exactly sure what disclosure is necessary here but its basically a new fund in the shell of an old profitable one. (is this normal/ legal?) The fund is multi market / equity long-short. I was interviewed for the position of research analyst intern. Actually I showed up hoping to be named partner but the internship title is a way for legalized slavery, and im fine with that because i dont have much expenses and im well aware of the doors this will open. BTW, this fund and position is located in Brazil. I am a US and BR citizen and I have a BA from a top 20 school in the US, work experience is limited to middle office IB. some questions for all the ET wizards. 1)Assuming all the back office is outsourced, is it realistic to manage $60m, actually ~100m BRL with 5-6 employees? The dude explained that there will be 3 trader/ analysts, 1 risk officer, 1 sales person, and 1 intern/junior(me). 2)if the admin fee is 2.5% am i correct that the firm will gross at least 1.5m in revenue? is it possible that the 2.5/20 only applies to new deposits and potentially all the AUM currently is owner equity and the firm may have no real revenue? 3) is there any chance in hell that this fund balloons to over 1B AUM and I get rich in the process?