At age 25, you give your hedge fund manager $100K to manage, and he produces an annual return of 8%.
Assuming a 1.5% management and 20% performance fee, by the time you retire at 65, you will have $764K.
But the manager will have $1.24M (at zero initial investment!)
https://twitter.com/mkt_sentiment/status/1614249040216227841?s=46&t=au5j-zI_tFJL5RdQGLmrFg
