2021 Fee Structure Performance Fees 
The Big Picture
JULY 4, 2023
Elliott just created an investment committee in 2021, I think precisely to get things ready for succession planning. 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. WEINSTEIN: Cut in half.
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. 00:24:31 [Speaker Changed] We refund the fee.
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