endowment
also referred to as: endowments
3 statements across 2 episodes · 0 bullish · 1 bearish · 2 people on the record · first statement Oct 4, 2022 by Jason Calacanis · across every show →
Everything said about endowment, oldest first
Oct 4, 2022 neutral
Oct 30, 2023 negative
Munger claims private fund managers enrich themselves while underdelivering to endowments
“The world is full of Goldman Sachs partners that formed a private fund, and they manage a billion dollars or something like that, and they charge two points off the top plus this, and that enables them to make very handsome livings themselves, but the endowmen…”
Oct 30, 2023 neutral
Endowments across America are slashing effective private fund fees by 50%
“The endowments have started to say to the, all these people that charged three and 30 or whatever they charge, they said, we'll pay your three and 30, but we're going to put in twice as much money, and then the next half you'll get nothing on it, or you're jus…”