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In that sense, it puts the syndicate organizers in the same boat as the investors. As you point out, VCs can get quite comfortable off management fees without m
by arbuge 13y ago
In that sense, it puts the syndicate organizers in the same boat as the investors. As you point out, VCs can get quite comfortable off management fees without making investors a dime.
- princetontiger 13y agoAgreed I am in the hedge fund industry, so I see this first hand. The media loves the "2&20" phrase, but fund managers now proffer lower and lower management fees in order to close funds. Most of the top hedge funds charge 1.50% today, and newer funds bear lower management fees.
- antr 13y agoAgree. I've even seen some top funds with lower management fees, but it is very very tough to get in as an LP.