2 (and 20)

A.W. Jones famously invented the hedge fund in 1949 by combining the potent one-two punch of short-selling and leverage.

Corey Goldman November 24, 2008

A.W. Jones famously invented the hedge fund in 1949 by combining the potent one-two punch of short-selling and leverage. He also introduced the now widely adopted 20 percent incentive fee, tied solely to returns. Almost 60 years later, “20” has held as the hedge fund

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