So he used money from the management fee to get himself extra carry? I'd assume that the carry would have to be evenly distributed to all the partners. Also, if

So he used money from the management fee to get himself extra carry? I'd assume that the carry would have to be evenly distributed to all the partners. Also, if he's able to get superior returns without spending his management fee, what's wrong with reinvesting the unspent money into the carry to benefit the partners (as long as it's equally distributed)?