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Pershing Square USA will have no assets to start, other than a relatively small amount of cash on hand that will cover the investment banking expenses related to the IPO itself. Even including a steep hedge fundfeestructure, the existing Pershing Square hedge fund has generated a 2,116% total return (about 16.5%
In this podcast, Motley Fool analyst Asit Sharma and host Ricky Mulvey discuss: Why Bank of America 's $1.5 Should you invest $1,000 in Bank of America right now? Ricky Mulvey: Big banks are wrapping up and earning season is just getting started. We've got another batch of the big bank earnings. Asit, good day sir.
Bank of America 's fine from the Consumer Financial Protection Bureau. Last story before we get out of here, Jason, stop me if you've heard this one before but Bank of America has been accused by regulators of opening fake accounts, double-dipping on fees for their customers with insufficient funds and withholding credit card rewards.
Does the current book map over in terms of investments (SMA, UMA, mutualfunds, alternatives, ETFs, etc.)? This is a critical step, and it’s not just about portability and mappability; it’s also about feestructure. firm-specific feeder funds). What about the lending book?
In wealth management, we generate low take rate but high margin fee income from a large and growing pool of aggregated customer assets by offering customers high-quality products and superb convenience. The products are primarily low risk money market funds and, to a lesser extent, fixed-income mutualfunds.
He also helped run some of their mutualfunds and helped put together their first ETF, and he has really quite an astonishing track record. The Quality fundmutualfund that GMO runs that symbol G-Q-E-T-X, it’s just crushed it over the past decade. a year, way over both. Really fascinating guy. No minimum.
Our next question comes from the line of Craig Siegenthaler of Bank of America. And I'm thinking like custody mutualfunds fixed income products, CDs. And I wouldn't over-index on their feestructure at this point. Steven Chubak -- Analyst That's great color. Thanks so much for taking my questions.
If you've ever collected a horde of spare coins in a jar -- saving them for years before placing them in rolls and depositing them at the bank -- you've had an introduction to the principle of micro-investing. Pay attention to fees. Feestructures vary.
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