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What if there are no returns on all the money they have invested so far? This is quite possible in a bubble followed by a downturn.
by grey-area 4y ago
What if there are no returns on all the money they have invested so far? This is quite possible in a bubble followed by a downturn.
- jacquesm 4y agoThen you refer to your contract where on page 1 it states fairly clearly that there are no guarantees of returns and that the management fee is on the amount 'under management', and that a capital call will be inbound. Obviously all of these scenarios tend to be covered by the contracts and if you can't read a contract of that level of complexity then you should not be playing this game.