Michael Barbaro

@mikiebarb ↗

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Last Checked Jan. 7, 2020

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Wed Jul 10 13:08:03 +0000 2019

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Michael Barbaro @mikiebarb

The 2 and 20 system for hedge funds (management collects 2% of assets and 20% of profits) has always meant that hedge fund managers become wildly rich no matter how they perform. — PolitiTweet.org

Posted July 10, 2019 Hibernated

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Michael Barbaro @mikiebarb

Wild theoriesnot necessarily needed to explain Epstein's wealth: if as he said, he only worked with those willing to invest $1B and collected the standard (obscene) fee of 2% of assets under management for hedge funds, that's $20M per investor at least: https://t.co/M54VblCaCv — PolitiTweet.org

Posted July 10, 2019 Hibernated

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Michael Barbaro @mikiebarb

RT @VickyPJWard: In 2002, I was assigned to write a profile of Jeffrey Epstein for Vanity Fair. This was that piece. But what was published… — PolitiTweet.org

Posted July 10, 2019 Retweet Hibernated