“I get a 20% carry on what I raised and I don’t take the 2% management fee, which saves over a million dollars a year.”
DF
Dan Fleischman
Moneywise ·
The Journal. · The $275 Million Margaritaville Drama
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Billed the trust for “millions of dollars” in fees while managing the assets
millions of dollars in fees
“I get a 20% carry on what I raised and I don’t take the 2% management fee, which saves over a million dollars a year.”
“We took this from you. Six billion dollars in assets under management ... to around 146 billion dollars 20 years later.”
“We manage multi-asset portfolios… strategic asset allocation of 30% currency hedged… based on a view that the Australian dollar is probably about fair value”
“The will can establish a trust, a testamentary trust, and it holds those assets for that beneficiary... income from assets... can qualify as accepted income for minors, taxed at normal adult rates”
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