That's not equivalent; the equivalent is the board deciding to give 50% of their own fees to charity. (Note that it's only the general partners, i.e. fund manag

That's not equivalent; the equivalent is the board deciding to give 50% of their own fees to charity. (Note that it's only the general partners, i.e. fund managers, doing this; they do return 100% of profits to their limited partners, i.e. clients.)