A simle question about managing accounts

[bnaimy]

Hello everyone , i have just gotten 4 accounts under my management and i have 1 question about it. How much should i charge in % ?

I have it that i use the high water mark rules, meaning i take profits when the account goes above its highest value. So as long as the account is increasing in size i take my % of the profits made.

But i am not sure how much to charge, i hear its 30% that is the normal rate.
Is there anything else i need to know about this matter when i comes to how much to charge ?

Would love to hear from someone who already is managing accounts?

With kind regards
Bashir N

 

[donaldduke]

I have read that Steve Cohen charges upto 50% fees.

But only when he makes above a certain % a year.

So you could do the same, 30% fees for the first 50% made. 50% fee thereafter.

 

[bnaimy]

I have read that Steve Cohen charges upto 50% fees.

But only when he makes above a certain % a year.

So you could do the same, 30% fees for the first 50% made. 50% fee thereafter.

Wow that is a hefty fee, thanks for the info.

I will try to stick with 30 % and then later just increase it to 35% depending on how successful i am with increasing the accounts.

Thanks again
Bashir N