Fee Structures Explained
Raphael emphasizes the importance of net returns over the absolute level of fees when selecting external managers. He critiques the trend among some peers to impose fee budgets that may exclude valuable investment opportunities, particularly in hedge funds and private equity. By carefully assessing the value added by managers, he advocates for a nuanced approach to fees that aligns with the economic realities of different asset classes.In this clip
From this podcast
Capital Allocators – Inside the Institutional Investment Industry
[REPLAY] Raphael Arndt – Australia’s Sovereign Wealth Fund CIO (EP.70)
Related Questions