The Big Picture

OCTOBER 14, 2023

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). When they underperform, they refund as much as 25% of their performance fees.

Investing 72

Investing Startups Performance Fees Management Fees 72

The Motley Fool

JULY 14, 2023

On an equivalent day count basis, our annualized effective fee rate was 0.2 Performance fees of 118 million increased from a year ago, primarily reflecting higher revenue from illiquid alternatives. Lower incentive compensation and distribution and servicing costs were partially offset by higher direct fund expense.

Asset Management 130

Asset Management Assets Banks Debt 130

The Motley Fool

JANUARY 12, 2024

Growing public deficits, a modernizing digital world, advancing energy independence, and the energy transition are driving the mobilization of private capital to fund critical infrastructure. In a higher rate environment, the ability to drive operational enhancements will be critical to investment performance. Operating income of 6.6

Assets 130

Assets Shareholders Asset Management Capital 130

Pension Pulse

MAY 2, 2024

In 2012 when I came to the fund, we had invested four percent of our portfolio in private equity,” CIO Marcus Frampton said. “We Last year, APFC’s staff decreased its private asset allocation from 19 percent to 15 percent, hypothesizing that there were better risk-adjusted returns to be had in asset classes like fixed income and hedge funds.

Pension Funds 59

Pension Funds Hedge Funds Buyout Due Diligence 59

The Motley Fool

FEBRUARY 21, 2025

million driven by working capital needs as we initiated reconciliations for certain loss-making performance fee contracts that have since been restructured. Maybe just a little digging into sort of the accounting trend again. On the balance sheet, we ended the quarter with cash and equivalents of $104 million. Please go ahead.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Liabilities Performance Fees Capital 130

Pension Pulse

MAY 22, 2024

Ian Bickis of The Canadian Press reports CPP Investments earned 8 per cent in latest fiscal year, net assets rose to $632 billion: Canada's biggest pension fund earned an eight per cent return last year, but significantly underperformed the 19.9 The Fund returned a 10-year annualized net return of 9.2%. billion in net income and $15.9

Investing 59

Investing Pension Funds Stakes Assets 59

Pension Pulse

SEPTEMBER 4, 2024

The deal on behalf of funds managed by Blackstone Real Estate Partners, Blackstone Infrastructure Partners, Blackstone Tactical Opportunities, and Blackstone’s private equity strategy for individual investors, represents Blackstone’s largest investment in the Asia Pacific region. Mr Khuda, Blackstone and AirTrunk declined to comment.

Investing 59

Investing Asset Management Stakes Assets 59

The Motley Fool

FEBRUARY 4, 2025

These deals helped us strengthen our free cash flow and enable us to self-fund our transformation. We're building new routes funded by our customers, often multi-tenant, with great economics. We said, and I want to be really transparent about this, we had a funding gap before we had the PCF deals. billion EBITDA expectation?

Debt 130

Debt Assets Leveraging Shareholders 130

Pension Pulse

MAY 24, 2023

per cent for the fiscal year ended March 31, ending the year with net fund assets of $570 billion compared to $539 billion a year earlier. The CPP fund has a 10-year net return of 10 per cent. Since its inception in 1999, CPPIB has contributed $386 billion in cumulative net income to the fund. per cent return; it earned 6.8

Investing 52

Investing Stakes Pension Funds Assets 52

The Motley Fool

AUGUST 5, 2024

Our company is focused on creating value through unique and disciplined investment activities that will continue to deliver long-term growth in cash flow, funds from operations, and dividends, as you've seen by our recent increase in our dividend per share, and importantly, make our properties better for the communities in which they operate.

Assets 130

Assets Portfolios Capital Investors 130

Fortune Financial

MARCH 5, 2024

A 401k is a company-sponsored retirement plan that allows employees to elect contributions to be withheld from their wages and salaries and deposited into an investment account. This means staying informed about plan performance, fees and compliance requirements. What is 401k?

Taxes 52

Taxes Leveraging Financial Institutions Performance Fees 52

Pension Pulse

AUGUST 17, 2023

“The renewable energy, telecommunications and transportation sectors, to which (the Caisse) has been exposed for many years, are significant vectors of performance,” the pension fund said. The total portfolio’s six-month, five-year and ten-year returns represent the weighted average of these funds. per cent. “In per cent return.

Pension Funds 52

Pension Funds Assets Debt Finance 52

The Big Picture

FEBRUARY 28, 2023

We had a group that was doing small growth capital investments in Germany and Switzerland at that time, a fund doing secondaries. And so we are very, very focused on making our boards the center of vision and strategy and accountability. RITHOLTZ: So let’s talk a little bit about some of your closed-end funds.

Assets 59

Assets Due Diligence Private Equity Firms Private Equity Firms 59

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.

Investing 52

Investing Capital Shareholders Returns 52

The Big Picture

MARCH 27, 2023

She is an author and former hedge fund trader, specializing in distressed assets. Her book, “Damsel in Distressed: My Life in the Golden Age of Hedge Funds”, is really a fascinating read. It’s very witty and charming, and revealing about an industry in a way that most books on hedge funds simply are not.

Hedge Funds 114

Hedge Funds Funds Assets Finance 114

The Big Picture

JUNE 13, 2023

The only alignment of interest is the amount of capital that any given manager or firm is putting into its fund. If you hit certain targets, certain goals, extra financial goals, then you will improve your cost of funding. You’ve got the most sophisticated sovereign wealth funds in the world. Great marketplace.

Banks 59

Banks Asset Management Assets Capital 59

The Motley Fool

OCTOBER 31, 2023

Core funds from operations, a cash flow metric for rates of 14.6% Operating expenses accounted for 12.6% Blackstone is in the business of investing capital, and earning management and performance fees on that invested capital. Insurance, normal car insurance doesn't take into account that appreciation of value.

Depreciation 130

Depreciation Bidding Capital Companies 130

Private Equity Wire

JANUARY 17, 2025

Canada’s Sagard Holdings is launching a private equity fund aimed at retail investors, marking a significant move as alternative asset managers expand their focus beyond institutional clients and ultra-high-net-worth individuals, according to a report by Wealth Management. Management fees are set at 1.5%, with performance fees of 12.5%

High Net Worth Individuals 96

High Net Worth Individuals Accredited Investors Investors Funds 96

The Motley Fool

JULY 15, 2024

We continue to execute on a strong set of large opportunities that are contracted near-funding or in late-stage contracting. billion was 8% higher year over year, driven by positive organic base fee growth and the impact of market movements on average AUM over the last 12 months. Second-quarter revenue of 4.8 Operating income of 1.9

Assets 130

Assets Liabilities Leveraging Asset Management 130

The Motley Fool

JANUARY 15, 2025

billion was 23% higher year over year, driven by the impact of higher markets on average AUM and higher performance fees. This is evidenced by this quarter's fee rate increase primarily reflecting the onboarding of higher fee rate private market assets following the GIP closing. Operating income of 8.1 increased 15%.

Assets 130

Assets Shareholders Capital Asset Management 130

The Motley Fool

JANUARY 15, 2025

In CCB, we had a record number of first-time investors and acquired nearly 10 million new card accounts. Card outstandings were up 11% due to strong account acquisition and revolve growth. Can you -- based on what you're seeing in your customer base, what can you attribute the strength to in this consumer checking account deposits?

Banks 243

Banks Investment Banks Investment Banking Capital 243

The Motley Fool

JANUARY 25, 2024

Also, note that nothing on this call constitutes an offer to sell or a solicitation of an offer to purchase an interest in any Blackstone fund. Our funds appreciated overall in 2023, highlighted by strength in credit, infrastructure, corporate private equity, and life sciences, even as we weathered a difficult environment for real estate.

Management Fees 100

Management Fees Banks Capital Assets 100