Robin Hood Coop Information

Robin Hood is a cooperative that seeks to maximize the return on shares to its members and to expand the commons. Because of its unique structure, the costs of the operation are very small compared to normal asset management offered by ordinary banks and their private banking. However, there are still costs. During the first year (July 2012 through June 2013), our fixed costs were approximately 11% of the amount of the assets under management. These costs included: data mining feed fees (to run the parasite), accounting fees, legal and bank charges, our accounting audit through Ernst & Young, and miscellaneous small expenses (web hosting, domain registration, etc). They were, in total, about 7000€ during the Beta Year. But the total profit generated was about 9000 in that year, which made the costs 77% of the total profit. Now we have 10 times the amount of assets under management. Robin Hood is an operation with extreme scalability and efficiency. The more AUM we have, the better it works. Robin Hood strives to be the cost leader in the asset management business.