Pension Pulse

SEPTEMBER 4, 2024

The deal triggers a large performance fee for ASX-listed Macquarie Group, which manages the fund. The fee is expected to be worth hundreds of millions of dollars. Mr Khuda, Blackstone and AirTrunk declined to comment. Macquarie’s fund and PSP will sell their AirTrunk stakes in full.

Investing 59

Investing Asset Management Stakes Assets 59

Pension Pulse

MAY 22, 2024

billion of net income, CPP Investments directly and indirectly incurred $1,617 million of operating expenses, $1,449 million in investment management fees and $2,067 million in performance fees paid to external managers, as well as $427 million of transaction-related expenses. To generate $46.4 bps and below the 28.6

Investing 59

Investing Pension Funds Stakes Assets 59

The Big Picture

JULY 4, 2023

You have no performance fee and no line of sight to getting to one anytime soon, and you have AUM shrinking by virtue of the losses, as well as the fact that LPs are now rightly redeeming. Balyasny lost a lot of capital in 2018. WEINSTEIN: Cut in half. So that’s how much value has come out of the industry. RITHOLTZ: Right.

Hedge Funds 59

Hedge Funds Funds Banks Capital 59

Pension Pulse

AUGUST 17, 2023

Work on the REM began in 2018, and any construction delays should be compared with the timelines of other major transit networks, Emond said. The difference with 2022 is primarily explained by the increase in external performance fees related to increased returns. CDPQ’s cost ratio compares favourably with that of the industry.

Pension Funds 52

Pension Funds Assets Debt Finance 52

Pension Pulse

MAY 24, 2023

Management fees increased by $165 million, due to an increase in average assets managed by external fund managers. Performance fees decreased by $621 million driven by fewer realization events in the private equity portfolio given the low transaction activity through the year, partially offset by strong performance of hedge funds.

Investing 52

Investing Stakes Pension Funds Assets 52

The Big Picture

JUNE 13, 2023

The exposure you get in investment banking, I was a leveraged finance banker by background. Just background, Barry, when I moved here five years ago this year in 2018, we had barely no relationships in North America. CHABRAN: Maybe because I come from a leverage finance background, as I told you, I tend always to focus on the downside.

Banks 59

Banks Asset Management Assets Capital 59

The Big Picture

MARCH 27, 2023

And these were real bankruptcies, led by a supply-demand imbalance, too much leverage and not enough demand for the products. So you retire in 2018. And all these formally high performers are now just so big, they’re very happy collecting the management fee and the performance fee matters less.

Hedge Funds 114

Hedge Funds Funds Assets Finance 114