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Do the attendees pay for their own tickets, or are they able to get their fund to pay? If the latter, it just tells us that the fringe benefits of the conferenc
by mikeash 8y ago
Do the attendees pay for their own tickets, or are they able to get their fund to pay? If the latter, it just tells us that the fringe benefits of the conference are worth more than zero, and nothing about the benefits of ads.
- jasode 8y ago>Do the attendees pay for their own tickets, or are they able to get their fund to pay? There's a mixture of both. The pension officer for institutions like California Retirement System will have his/her ticket paid but other folks that run their own small fund will pay their own way. The attendees all have the problem of "where do I put my institution's money?" and they go to the conference to listen to various presentations to be persuaded. Yes, there are also chances for networking and "meet & greet" but the event is largely a marketplace hub for "sellers" (funds) and "buyers" (institutions). The sellers (e.g. the hedge funds and the billionaire managers that appear on the stage) sponsor the show which in effect also funds Milken's 501c charity institution.