Remove 2020 Remove Fee Structure Remove Performance Fees
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Transcript: Ilana Weinstein

The Big Picture

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. There’s a reason Steve Tanenbaum’s fund was $34 billion in 2020. LMR in 2020 was 4.6 WEINSTEIN: Cut in half.