My dad owns a hedge fund on Wallstreet, about how much do you think he makes?

Question

My parents DON'T talk about money and they want me and my sisters to concentrate on school. They are secretive about any cash flow.I know my dad has a hedge fund in NYC and controls alot of money. He splits it up with 4 other guys and I know those guys have alot of money because they are close family friends. ANyways i'm tired of guessing what my parents make or how much i'm worth. I kind of have an idea if I tried to count our assets and compare with our neighbors/ ppl at school e.t.c but can someone tell me the average salary of a hedge fund person if the person (my dad) has his own tower office in Downtown Manhattan???

I know we are well off....just how well off are we?

what are the figures?

Answer 1

you can probably bet that you have hundreds of millions of dollars. you might have alot more than that, but I'm assuming you're dad is OKAY at what he does and has been doing it for a long time.

Enjoy. People think that just because you're born into money that you don't deserve it... I say the h**l with that. Enjoy your life- you get to do what many cannot.

However, if your parents are secretive (I assume they don't want you to be spoiled), they will probably leave you with only a minor percentage (which still should be many millions of dollars) and donate the rest to charity.

I say, good for you. The h**l with jealous people.

Just remember, moments of extreme joy will be followed by that which allows the contrast (boredom, loneliness, or sadness).

I also recommend you stop telling people all your business. You never know when you might encounter a psycho that's desperate for money.

Cheers, and good luck!

Answer 2

Based on your information on real estate assets alone, depending if it's mortgaged, above 10 million in net assets.

It's hard to gauge not knowing how much the firm has under assets and what are the principal investment strategy (e.g. what concentration/sector is his hedge fund involved in).

Look, the best hedge fund manager last year earned close to 2 billion.  He bet on sub-prime loans (in the news lately) tanking.  He shorted these securities and made billions.

Hedge funds don't always make money, it all depends on what they invest in.  It's a highly lucrative proposition as they typically make 2% on assets under management and take 20% of whatever profits they generate.

Conversely, mutual funds do not take a 20% slice of the profits and do not charge a 2% management fee.  Hedge funds are geared and marketed towards wealthy individuals and the SEC considers that they must be smarter, as such they do not have constraints on diversification, like mutual funds.

If your father has been in the hedge fund business for awhile he must be doing well.  Hedge funds that don't do well eventually go under or out of business.

Answer 3

Do you need another sister...?

Answer 4

I think he doesn't want you to know for a good reason...He obviously wants you guys to make it on your own first as he did. I suggest reading http://www.marketstock.net to maybe get an idea of how much HE is worth.

Answer 5

"We" are well off? Your parents are well off, you don't have anything until you go out, get a job and make your own money, you spoiled brat.

Answer 6

I would say he's freakin' loaded. Got a net worth of at least 8 digits I bet.

Answer 7

It may be anywhere between 20 to 50 Mil possibly much higher if your dad doesnt like to show off to an enormous extent. The fact that they dont talk much about money prob means they dont want you to be dependant on it and may give most of away to charity. Either way enjoy your life and do what feels right, dont spend it feeling guilty about having money as life is too short for that. Try to contribute somethng positive to this word as you prob know from experience that money does little in the way for happinness.

-"another spoiled brat"