LP Investing

Fund of Funds: You're Paying 2-and-20 Twice (Here's When It's Still Worth It)

Fund of Funds: You're Paying 2-and-20 Twice (Here's When It's Still Worth It) Put $1 million into a fund of funds and watch a 3.0x gross multiple shrink to 2.3x net over ten years. That's roughly $700,000 in fee drag on...