How do they get out of this?

Discussion in 'Trading' started by Britheron, Jun 7, 2011.

  1. Roark


    What's the big deal? They just write something like the following:
    Dear Investor:

    Last year was a difficult time for fund managers..... (insert meaningless discussion of economic conditions here). The economic climate remains fraught with risk. We will continue to do our best to protect your investment.

    Best regards.
    Bill Gross

    That's the whole point of being a manager. You take your 2% of AUM regardless of whether your investors make or lose money. It's beats the heck of out trading your own money.
  2. LeeD


    Given in the first 10 days of last December Paulson's Advantage Plus fund gained 14.3%, 10% loss looks like normal volatility.