Remove Accredited Investors Remove Management Fees Remove Mutual Funds
article thumbnail

IPO Alert: You'll Soon Be Able to Invest Alongside Billionaire Bill Ackman

The Motley Fool

We also know that the fund would charge a 2% annual management fee, which would be higher than most actively managed mutual funds and ETFs charge but is significantly less than the performance-based fee that hedge funds typically charge on top of their management fee. annualized).