Ok, so I'll be the guy on the other side of this hypothetical deal. In the scenario he's described, either I get market returns by paying the elite guy to keep his alpha, or I get sub-market returns by paying too much to a guy who isn't actually elite.
So, best case scenario I get market returns? Then why not just invest in an index fund?
So, best case scenario I get market returns? Then why not just invest in an index fund?