“Set at 1.1%-1.5% in 2018, that figure was bumped to about 1.8% after Levin was promoted to CEO in April 2021. 

Eight months after he took over, Sculptor announced another new pay package. This one increased the range to 2.8%-5.2% of gross profit and loss — at the upper end, about one-fourth of the 20% Sculptor charges in performance fees. Levin could also be given carried interest distributions from funds that were excluded from the profit-sharing agreement. “

Bloomberg Wealth

Sculptor is a publicly traded investment vehicle.

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“Many people are bullish for rate sensitive financial stocks.”

“creating a virtuous cycle by following a 1980s blueprint is highly unlikely.”

“There is a similar Value-At-Risk coming from heathcare, technology, industrials and financials.”

” if anything, banks have been over‐staffed and have over‐spent for years during a period of subdued activity.”

“Credit–like equities–is starting from a relatively high point in valuation this year and we expect the rising rate backdrop to provide a headwind. Retail- probably distressed this year.”

The letter, released Feb. 1st concludes:

“While America may or may not be made great again, there is no question that the rules are literally being rewritten and there is likewise no question that this process will be carried out in a flamboyant fashion. We do not plan to trade the tweets but we expect an increasing number of real and, even better, fake dislocations to create some extremely rewarding investing opportunities.”

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