Remove Fee Structure Remove Leveraging 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. If you’re making a directional bet, or even worse, a leveraged directional bet, and you’re your funds going to suffer.