The wheels are always spinning in Stiffy’s head. If he was running a hedge fund and were able to charge the 2/20 fees that are so typical for a hedge fund, he’d have made a small fortune in just these first three months managing Bubbie’s money. Here are the fee results based on the first three months of being “live” in the account:
| Fees charged in Bubbie's Wrap Account | Fees charged in a hypothetical hedge fund account | Carry charged in a hypothetical hedge fund account with profits |
| $10M ... |
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