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Revision as of 07:08, 23 September 2015
I don't like pubs <a href=" http://www.green-fields.com.ar/site/essay-for-graduate-nursing-school-admission/ ">cheapest essay writing service usa</a> The goal of the settlement, and its timing, were clearly aimed at assuaging nervous investors in Mr. CohenâÂÂs fund so that they wouldnâÂÂt seek the return of their money. Mr. Cohen managed $15 billion, including about $9 billion of his money and other employeesâÂÂ. The remaining $6 billion comes from outside investors â and it is worth big fees to the firm. Mr. Cohen collects a 3 percent âÂÂmanagement feeâ and takes upward of 50 percent of profits. On $6 billion, if you follow the math, annual management fees collected can total as much as $180 million. If the firm can produce profits of as little as 10 percent, the firm can collect $300 million more. If the firm produces more than 30 percent returns, its historical average, the fees could jump to over $1 billion.