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Here's How Billionaires Buy Stocks

The Motley Fool

These are called private placements, and most of the time, the shares are sold to investment banks or hedge funds. Hedge funds are often far riskier than investing in a mutual fund, and they are exclusively for people with at least $200,000 in income or $1 million in net worth.

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Transcript: Mathieu Chabran

The Big Picture

So that was a while back, but nonetheless, I don’t know if it was love at first sight, but we got to get along pretty well, and after a few years working for investment banks, he then joined Goldman Sachs. I joined, effectively, Deutsche Bank. We decided to try to have a go on our own. We were 28, 30 respectively.

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Transcript: Dominique Mielle

The Big Picture

I wanted to see the world, and whether it was investment banking, or basket weaving really had absolutely no bearing on my decision. 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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JPMorgan Chase (JPM) Q4 2024 Earnings Call Transcript

The Motley Fool

Excluding the prior year's net investment securities losses, it was up 21%, largely on higher asset management fees and investment banking fees. In terms of credit performance this quarter, credit costs were 2.6 Next, the commercial and investment bank on Page 6. NIR ex-markets was up 3.1

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