DISQUS

Market Folly: Steven Cohen's SAC Capital Files 13G on Vanda Pharma (VNDA)

  • bayas2tcnj · 6 months ago
    50% performace fee! can you put that in real numbers for us? a 500k investment goes us 40% to 700k. Mr Cohen takes 50% of the return? so the invesor ends up with 600k? and Cohen with a clean 100k?
  • marketfolly · 6 months ago
    Yep, their returns have been that good that people are willing to pay that to get the returns. Upon quick glance, your example looks correct.