Dominique Mielle on Luck and Resilience in Finance
Masters in Business
00:00
The Importance of Fees in Hedge Funds
Hedge funds are now just so big, they're very happy collecting the management fee and the performance fee matters less. The business they're in now is not to outperform the market; it's to collect funds. 2 and 20 hoard funds is not about performance: It's about more assets under management. Why should investors pay such large fees for beta?
Transcript
Play full episode
