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re: Consolidation keeps coming for hedge funds and other prestige sectors in finance
Posted on 5/8/16 at 11:43 am to Doc Fenton
Posted on 5/8/16 at 11:43 am to Doc Fenton
I obviously dont know much but if you have enough cash will ken griffin or steve cohens firms take you on as a client? I have a ton of cash in my chase private client group but its a waste of money their fees are comical, I really want to pull it out but before I gave it to them 2 years ago, they were nonstop with the phone calls bugging me eventually I just said here leave me alone.. The money I have managed on my own has done better. Id love to have one of these hedge funds handle my money.
Posted on 5/8/16 at 11:49 am to dabigfella
I think they cater mostly to large institutional investors.
Posted on 5/8/16 at 12:03 pm to dabigfella
Yes, but what you think is a "ton of cash" is much different than what they would consider a ton of cash. I'm sure the minimum investment is close to $50 million.
Posted on 5/8/16 at 12:55 pm to dabigfella
quote:
I obviously dont know much but if you have enough cash will ken griffin or steve cohens firms take you on as a client? I have a ton of cash in my chase private client group but its a waste of money their fees are comical, I really want to pull it out but before I gave it to them 2 years ago, they were nonstop with the phone calls bugging me eventually I just said here leave me alone.. The money I have managed on my own has done better. Id love to have one of these hedge funds handle my money.
I'm glad you posted this, an account manager to Chase private client has been chasing me as well about the funds in an account. I need to tell them thanks but no thanks.
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