Perhaps rumors of asset management’s demise have been premature. This week Goldman Sachs announced that it had raised $2.5 bn in “permanent capital” to make investments in private equity funds. The “permanent capital” here suggests that...
It is safe to say that maybe Santa Claus himself shuddered at the news of Toys R Us filing for bankruptcy protection yesterday, only weeks before the critical holiday season. This bastion of childhood memories and supplier of wishlists for decades cited a range of...
The New York Times and the Wall Street Journal published two interesting perspectives on pension fund fees recently. In the first article, entitled “Strapped Pension Funds, and the Hefty Investment Fees They Pay”, Gretchen Morgenson cites the severe...
