HIgh fee, illiquid funds have paid off for their managers, but not for pension funds? I'm shocked. Shocked. http://t.co/poafZZSp -> You know you needed this: Metal bands per 100,000 people around the world – http://t.co/vmT5pqrs -> Refuting the Samuelson conjecture: Why China’s growth is good news for western countries – http://t.co/EMoE8bAy -> World-record single storm [...]
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Back in 1949 Alfred Winslow Jones dubbed his new $100,000 investment venture a "hedged fund." At the time, there was no such thing as a performance fee or a net asset value. Jones' key insight was that a fund manager could balance h... Read Post
In a typical private-equity fund, the managers get paid two per cent of assets as a regular fee, plus twenty per cent of the fund's... Read Post
From New York to California, public pension funds staked billions in good times on the highest of Wall Street high rollers: hedge fund managers and corporate buyout specialists. But for many of these pension funds - and the millions... Read Post