Fitzpatrick: PE pays advisors high fees while obscuring performance for ten years
Dawn Fitzpatrick · Dawn Fitzpatrick – Multi-Faceted Investing at Soros Fund Management (Capital Allocators, EP.112) · Nov 4, 2019 · at 37:49
Dawn Fitzpatrick, CIO of Soros Fund Management, discusses the misaligned incentives of financial advisors pushing private equity products to retail clients.
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“And if you're a financial advisor and you're recommending private equity, first of all, it's the thing you can sell where you get paid the biggest fees usually. And nobody's gonna know if you're right or wrong. For 10 years.”
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