Private Equity Deals Collapsing Over Fee Disagreements
Research by Preqin shows a lack of alignment of interests through fee structures is a major barrier to private equity investment.
The $180.7 billion public pension fund and Goldman Sachs will work closely on “dynamic manager selection opportunities” in global equities.
The total settlement from seven private equity firms amounted to almost $600 million.
Highly active fund managers tend to outperform those who buy-and-hold in absolute returns, but researchers found that adjusting for risk reversed their results.