Professor who made $23 billion
establishes precedent for DW RIA to raise fees
November 1, 2019
The link below is to a Bloomberg article about a former professor who utilized math to make $23 billion from trading the stock market. Each and every one of his employees made at least $50 million.
The professor’s $10 billion fund averaged an annual return of 66 percent from 1988 to 2018. After his 5 percent annual asset management fee and 44 percent performance fees were paid, investors netted 39 percent per annum.
The article establishes the precedent for Dynasty Wealth (DW) to raise its fees to the professor’s equivalent by 2021. To gain traction from the first several hundred million that DW will have under management by early 2020, DW will charge the standard 2 percent management and 20 percent performance fee for 2020. DW’s projected fees and partner cash distributions in 2021 and beyond will increase by 100 percent.
Click link below to read article
Dynasty Wealth has made significant progress to become a professional money manager. Three members of the management team have passed their money manager licensing tests.