management fee

“And what I do is I cut after good years. After bad years, I don't cut. I don't want to show a sign of weakness.”

“We went back to the roots of private equity where management fee was really designed to cover the operating costs, and now we have a fixed budget approach, and that has a significant impact because first, we ask our investor to approve the budget, but second, …”

“The management fee was there to cover the operating costs of the management company, and as the fund grew 10, 20, 40 times, the fees charged were not reduced by the same factor, and that structure is really conducive for the manager to increase the size of the…”

“So I think if you run an equity long short fund, and you run with a 60% net long all the time, you ought to not charge any fees, or clients should look at that and go, ok, I'm going to work out the fees on the alpha You make, and I'm going to net out the 60% t…”

“You get some investors who say, look, you should never have a management fee on a hedge fund. And I can understand why, from an investor's point of view, that might feel good, but actually it's not good from the long-term health of the business, because if you…”

“But if you're able to at least get that second fund in after buying a stake, you're pretty much guaranteed to get your money back just off management fees and some of the maybe in ground carry.”

“Carry is going up. Fees are staying the same regardless of fund size.”

“Focus on the guy who's going to get you three or four X your money for whatever the fee is, as opposed to the guy who's going to get you two X for a discounted fee.”

“There are relatively few players. There are relatively few training grounds producing strong new players. There's sort of a structural bid, as best as I can tell, for the strategy. So it means that credible new things get traction more quickly and do so, for e…”

“If you talk to some of the guys in the GP stakes funds, It's a bet on the excess management fees rather than outperformance.”

“Evergreen structures are generally lower fee, one 25, one 50, maybe one 75 in certain cases, lower carry, but the management fee and carry is charged on net asset value.”