All fund returns are reported net of fees. So these average returns include both the AUM fee (2% or whatever he's charging) and the performance fee (15-20%). However, PS. The fees are still pretty egregious in most cases, considering how unreliable the product is.
I am always amazed how marketing and "magna cum laude from Harvard" graduation can collect so much money from people or institutions and only make so little profits. The only reason you guys talk and write about him is because he manages so much money. If I would tell you that I produced the same results you would laugh at me. Give a man a suit, a Harvard degree and very good connections and he gets the money. I am not saying he doesn't deserve it, it is hard work to put on a suit every day and run around and tell people how good and different you are. It is hard work to run a company like that. On top I see pages like this: https://whalewisdom.com/filer/niederhoffer-r-g-capital-management-inc that confuse me totally. So how much profit or loss did he really make? I mean every month/year? How much drawdown. I made 25% with this guy this year (and he surely is not wearing a suit) . His results are more than amazing. Now lets start talking about real profits: https://www.wealthsignals.com/tradi...-money-using-purely-mechanical-stock-trading/ or https://www.wealthsignals.com/Strategy/Detail/ETF-Pairs-Arbitrage-9IP7Vx
Have you ever done it? If not, how do you know how hard or easy it is? His results are more or less consistent with other CTAs. For various reasons, that style of investing is fairly popular among the institutional investors. Have you? Cause you have a strong vested interest in getting us to believe so: "- Volker Knapp President WealthSignals, Co-founder Wealth-Lab, Former President VTAD (Germany’s MTA)" My prior would be that the results of the dude in the link are real, albeit bad. The results from your site are almost certainly bogus.
As you acknowledged below, I am involved in a couple of companies. All much smaller and at a different scale than a hedge fund, so I know about that part a little. Why would I lie to you? Yes I have and what I would get out of you if you would become a subscriber is so little that I am surprised one could even think I am lying. But here we go again, some guy (without a suit) makes real profits, doesn't charge 20% profit sharing and 2% management fee and disbelievers everywhere...! But I am not even blaming you for disbelieving, I was skeptical too and I am still skeptical, but after watching ETF Pairs growing for so many years on WealthSignals I became a "follower". Lets revisit next year?
Well, you should become a sponsor - then you can advertise all you like Sure, let's revisit. I am very tempted to buy a subscription to keep a record outside of your website, but that would be literally feeding the troll. You "real profits" are graphs on a random website as opposed to an audited track record. Whenever someone is offering strategy that seemingly has no capacity constraints, no technology requirements, Sharpe of 4 and return on GMV of 30%, it's an obvious case of "too good to be true". The first question in that case is always "why aren't you trading this strategy yourself?" cause if this thing was real I'd mortgage the house to invest (in 5 years you should make 750 grand out of a 100k based on these returns).