Changes

Cramer's fund had one down year in 1998, a year that proved disastrous for many in the industry. Cramer, Berkowitz finished down 2-3% and they did not charge a management fee that year to their clients. In 1999 the fund returned 47%; in 2000, Cramer's fund finished up the year +36%, compared to -11% for the S&P 500 and -6% for the Dow Industrials.<ref name="bw20051031"/>  

Cramer's fund had one down year in 1998, a year that proved disastrous for many in the industry. Cramer, Berkowitz finished down 2-3% and they did not charge a management fee that year to their clients. In 1999 the fund returned 47%; in 2000, Cramer's fund finished up the year +36%, compared to -11% for the S&P 500 and -6% for the Dow Industrials.<ref name="bw20051031"/>  

Cramer spent nearly 14 years at his hedge fund, where he routinely took home $10 million a year and more.<ref name="bw20051031"/> Jim compounded rate of return of 24% after all fees for 15 years at ''Cramer Berkowitz''. After the tech bubble burst, he retired from his hedge fund in 2001, where he finished with one of the best records in the [[business]], including having a plus 36% year in 2000.<ref>''Jim Cramer Bio''. [http://www.cnbc.com/id/17364946/site/14081545/], ''Mad Money w/ Jim Cramer'', CNBC.com.</ref> He turned the company over to his long-time partner, Jeff Berkowitz. While Cramer's success in producing high returns for his fund was unmistakeable, he began to concentrate on his passion for [[journalism]].<ref name=isb/>  

Cramer spent nearly 14 years at his hedge fund, where he routinely took home $10 million a year and more.<ref name="bw20051031"/> Jim compounded rate of return of 24% after all fees for 15 years at ''Cramer Berkowitz''. After the tech bubble burst, he retired from his hedge fund in 2001, where he finished with one of the best records in the [[business]], including having a plus 36% year in 2000.<ref>''Jim Cramer Bio''. [http://www.cnbc.com/id/17364946/site/14081545/], ''Mad Money w/ Jim Cramer'', CNBC.com.</ref> He turned the company over to his long-time partner, Jeff Berkowitz. While Cramer's success in producing high returns for his fund was unmistakable, he began to concentrate on his passion for [[journalism]].<ref name=isb/>  

At the age of 44, Cramer is said to have accumulated a net worth of $58 million.<ref>John Abbott. [http://www.time.com/time/digital/digital50/49.html Street Smartypants], ''TIME'' Digital 50.</ref>

At the age of 44, Cramer is said to have accumulated a net worth of $58 million.<ref>John Abbott. [http://www.time.com/time/digital/digital50/49.html Street Smartypants], ''TIME'' Digital 50.</ref>