phrase
General Slang
Two and twenty
· phrase · finance
The classic hedge fund fee: 2% of assets, 20% of profits.
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Definitions
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Hedge fund and PE compensation standard. Two percent of assets under management every year regardless of performance, plus twenty percent of any profits above the high-water mark. Made a generation of managers rich; clients have been negotiating it down for a decade.
“Nobody pays two and twenty anymore unless you're Citadel or Millennium.”
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Two and twenty In A Sentence
Nobody pays two and twenty anymore unless you're Citadel or Millennium.
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