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We also know that the fund would charge a 2% annual management fee, which would be higher than most actively managed mutualfunds and ETFs charge but is significantly less than the performance-based fee that hedge funds typically charge on top of their management fee. annualized).
These funds, which don't trade on an exchange, can provide individual investors with access to alternative investments that are otherwise typically limited to high net worth individuals, hedge funds and other institutional investors. Interval funds are illiquid. Money market funds have even stricter liquidity requirements.)
What are hedge funds? A hedge fund has a lot in common with a standard actively managed mutualfund. Like a typical mutualfund , it pools the money of investors, and its managers decide how to invest that money. Hedge funds tend to charge significantly higher fees than mutualfunds.
This, together with our increased focus on capital allocation discipline, will further enhance shareholder value. 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. Thank you so much.
Before I pass the call back to Vlad, I want to share some perspective about how we are thinking about capital deployment. When we think about capital allocation, our primary objective is to maximize earnings and free cash flow per share over time. And I'm thinking like custody mutualfunds fixed income products, CDs.
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.
I think we might see an erosion of the feestructure that's traditionally associated with wealth management assets under management between now and this 2050 year that you mentioned. Those activities, the capital markets being very strong and the stock market has been strong. Ricky Mulvey: Let's pick your mind.
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