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billion of net income, CPP Investments directly and indirectly incurred $1,617 million of operating expenses, $1,449 million in investment managementfees and $2,067 million in performancefees paid to external managers, as well as $427 million of transaction-related expenses. To generate $46.4 bps in fiscal 2023.
.” It’s really helpful to have had five other meetings with people who sit at analogous funds that had losses that were just as big, and in fact, they may have contributed to those losses more and be able to tell him, first off, your fund, just by my math, has a $250 million managementfee. WEINSTEIN: Cut in half.
Managementfees increased by $165 million, due to an increase in average assets managed by external fund managers. We have committed approximately C$3 billion to BAI since 2009 and hold an 86% ownership stake. Our operating expense ratio was 28.6 basis points (bps), which is below the five-year average of 29.0
One area that deserves some blame is the fees that these fund managers charge. For example, more sophisticated hedge funds typically charge a flat managementfee of 2%, coupled with a performancefee that takes 20% of annual profits.
Excluding the prior year's net investment securities losses, it was up 21%, largely on higher asset managementfees and investment banking fees. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, youd have $341,656 !* NIR ex-markets was up 3.1 billion or 30%. Revenue of 5.8
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