David Blood: Generation's profits come entirely from performance fees, not AUM
David Blood · Sustainable Investing 5: David Blood - Pioneering a Generation (Capital Allocators, EP.143) · Jun 22, 2020 · at 23:45
David Blood, co-founder of Generation Investment Management, describes the firm's economic fee structure designed to align client and manager incentives.
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“And so very specifically, since we founded the firm in 2004, Almost to the penny, every dollar that we've earned in performance fee has been our profit. We've not had profits based on asset center management.”
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