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David Gerber

Founder & CEO, Wolfgang Capital

March 2024 · 39 min

What it really costs to run a fund business.

David Gerber sits in the CFO seat for fund managers, and he's blunt about the financial realities most new managers don't budget for. This conversation covers the true startup and operating costs of a fund business, what fee structures look like in today's market, the difference between an administrator and a CFO, and how to build a management company that can survive long enough to succeed.

In this conversation

  • The real startup and ongoing costs of a fund business
  • Fund administrator vs. CFO, who does what
  • Today's fee expectations and creative compensation structures
  • Multi-year team planning before the AUM arrives
  • How operational credibility shows up in due diligence

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