His hedge fund charges a management fee of 5 % plus a performance fee of 44 %. (canadiancapitalist.com)
However there's costs related to buying or selling a bond, as mutual funds that invest in bonds or bond exchange - traded funds charge management fees. (moneysense.ca)
So how do they make their money if they don't charge any management fees, rebalancing fees or trading fees? (biblemoneymatters.com)