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Rithm Capital (RITM) Q2 2024 Earnings Call Transcript

The Motley Fool

If you've not already done so, I'd encourage you to download the presentation now. I believe performance fees typically occur end of year. Throughout the call, we are going to reference the earnings supplement that was posted this morning to the Rithm Capital website www.rithmcap.com. Stephen Laws -- Analyst Thanks, Baron.

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MiB: Graeme Forster, Orbis Investments

The Big Picture

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.

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CPP Investments' CEO Discusses Fiscal Year 2024 Results

Pension Pulse

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

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Transcript: Graeme Forster, Orbis Investments

The Big Picture

You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. 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.

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Transcript: Mathieu Chabran

The Big Picture

You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. The transcript from this week’s, MiB: Mathieu Chabran, Tikehau Capital , is below. And I think this is where the industry should be heading.

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Transcript: Dominique Mielle

The Big Picture

You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. 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.

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Transcript: Ilana Weinstein

The Big Picture

You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , Bloomberg , Stitcher , Google , and YouTube. 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.