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Michael Geismers $710,000 Blackjack Breakfast

I have just finished reading about Michael Geismer in Hedge Fund Wizards (I’m still not overly enamoured with the book) and nothing in it so far has convinced me that hedge funds are not run for their managers. Take Geismers fund – it apparently returns 12% on average of which he trousers 30%. Consider this 12% on $4.5 billion in assets is $540 million of he which he keeps $162 million.

During the same period the audited return of the basic mentor program system was 14%.

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