``Sugar could quadruple from here and it would still be below its all-time high,'' said former George Soros partner James Rogers, 63, who founded Lausanne, Switzerland-based Diapason Commodities Management SA, which oversees $3.5 billion. When did he set this up? If he is getting 2 and 20 then he made $70 million just setting it up.
If this is a part of his "indexing" approach, I doubt if he's getting anywhere near these typical fees.
I said this before, if you start a fund with $3 billion and you are getting 1% management fee and even 10% incentive fee, just dump it all in treasuries for the year and earn 4%. At the end of the year, pocket the $30,000,000 in fees minimum and then close the fund apologizing for average returns....
I believe that this is an indexing operation: http://www.diapasoncm.com/index2.htm They make 1% of the assets as the fee: http://www.ameinfo.com/61426.html 30MM a year isnt shabby at all.
Im pretty sure most of asia has extradition treaties in effect correct me if im wrong though. http://www.internationalextradition.com/extradition_main.htm
He may have waited too late on selling the house for that kind of money. Should be interesting to see if he gets the 15 mill. He may set the top in NY housing. Maybe people will start dumping their real estate. Once he started teaching his little girl chinese ---word got out and there was an immediate shortage of Chinese Nannies!!!
Refco is the one who is in trouble, not Rogers. He is not skipping the country as it were. Sorry coach