Performance Fee
topic on 2 shows · 5 statements across 4 episodes
the Paul Morris Podcast 
Capital Allocators
5 statements about Performance Fee, every show
Baucom: Clear Art Reserve takes approximately 10% of artwork sale upside
“Yeah, it'll be about 10% of the upside depending on the piece. Yeah. But yeah, call it 10. So, and I know hedge funds a lot of times, again, because I come from the hedge fund world, they'll take a 22, right? So, it could go to 20, but more likely on, it'll mo…”
Puffer: AIMCo prefers performance fees over fixed fees for managers
“We don't mind paying performance fees. We like them better than fixed fees. So that alignment of interest is a powerful tool for us with our external managers.”
Miranda: Partners Capital seeks to pay performance fees only on alpha
“We're always trying to make sure we're only paying performance fees on the alpha, not the beta.”
Kraus: Asset management fee structures reward market beta over true alpha
“The whole motivation of the business, the way the fee structure is set up with the way portfolio managers are paid is all based on asset flow and growth. And unfortunately, while We thought that performance-based managers were really based on performance. They…”