The Big Picture

OCTOBER 14, 2023

Graeme joined Orbis in 2007 and is responsible for international equity and optimal strategies. We discuss the firm’s unique fee arrangement: For institutional accounts of $100 million and up, they pay a base fee 33% of outperformance versus the benchmark (and no management fee).

Investing 71

Investing Performance Fees Startups Management Fees 71

The Big Picture

OCTOBER 17, 2023

And they also have a unique approach to feeds when they’re generating alpha, when they’re outperforming their benchmark, they take a performance fee. And when they’re not generating alpha, when they’re underperforming, they actually return fees. You joined in 2007, what led you there?

Investing 52

Investing Capital Shareholders Returns 52

The Motley Fool

JANUARY 25, 2024

Just wanted to get your sense of the confidence of growing the fee-related revenue, not including fee-related performance fees, just the base revenue, they had a double-digit pace in 2024. But just, Michael, the -- in talking about the pace of the activations of the funds.

Management Fees 100

Management Fees Banks Capital Assets 100

The Motley Fool

JULY 18, 2024

These three sectors comprise approximately 75% of our global real estate equity portfolio today compared to 2% in 2007. With that capital, we repositioned our portfolio over time by selling U.S. office buildings and instead bought warehouses, rental housing and eventually, data centers. Real estate markets, of course, are cyclical.

Assets 130

Assets Finance Financing Capital 130