Replies to post #502676 on Mr Cooper Group Inc (COOP)

[DRgreek]

Typically when managing more than $10M, the fee is .10% which would equate to billions......$2B at that rate.

[fwh3334zeke]

Can I make ANY of you understand that is LOT MORE THEN millions, as it does not necessarily have to be industry standard. A&M are managing ABS cert Plus CASH & assets for WMI/WMIH GOOGLE Alvarez & Marsall & see what you get.

[David West]

Thanks BigAW. “Never argue with a fool, onlookers may not be able to tell the difference.” ? Mark Twain.

Most fund managers are paid for advice, and charge a percentage of the return on investment (ROI) not on the principal outlay, or value of the investment. If, as many hope, there are hidden billions, what is being earned on the hidden billions might be $100M, and the 2% fee would be around $2M (using the previous formula). If true, it gives new hope to all that there are hidden billions.