Remove Bidding Remove Law Firms Remove Performance Fees
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Transcript: Ilana Weinstein

The Big Picture

When I was at Penn, I worked at a law firm one summer. The difference here is it is pay for performance. 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.