performance fee

also referred to as: performance fees

4 statements across 3 episodes · 2 bullish · 1 bearish · 3 people on the record · first statement Feb 3, 2020 by Peter Kraus · across every show →

Everything said about performance fee, oldest first

Feb 3, 2020

Insight

Kraus: Performance fee deals fail if managers maintain mostly fixed-fee assets

“If the portfolio manager is managing 90% of their assets in fixed fees and 10% of their assets in performance, it doesn't actually achieve that.”

Peter Kraus Feb 3, 2020 ▶ 45:43 Peter Kraus - Widening the Aperture on Alpha (First Meeting, EP.14)

Feb 3, 2020 negative

Insight

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…”

Peter Kraus Feb 3, 2020 ▶ 24:07 Peter Kraus - Widening the Aperture on Alpha (First Meeting, EP.14)

Aug 21, 2023 positive

Disclosure

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.”

Stan Miranda Aug 21, 2023 ▶ 33:42 Stan Miranda – Modern Endowment Model at Partners Capital (EP.334)

Sep 11, 2023 positive

Disclosure

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.”

Marlene Puffer Sep 11, 2023 ▶ 40:52 Marlene Puffer – Canadian Pension Model at AIMCo (EP.337)

performance fee

Everything said about performance fee, oldest first

Turn any episode into a week of clips.