Remove Fee Structure Remove Performance Fees Remove Stakes
article thumbnail

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. WEINSTEIN: Table stakes, good intellectual horsepower, work ethic, training, and a history of results. WEINSTEIN: Cut in half.

article thumbnail

Transcript: Graeme Forster, Orbis Investments

The Big Picture

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.