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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Buyout management fees hit record low levels

Posted on 15 June 2010

From Efinancialnews.com: Hesham Al-Quraini, vice-president of Kuwait Investment Office, a branch of the country’s sovereign wealth fund, said: “Management fees, originally designed to keep the lights on, now bring mouth-watering figures, with fund managers driving Porsches while investors drive Hyundais.”
The declines come as private equity firms struggle to raise funds amid volatile markets, brittle economic growth and scepticism towards the asset class………………………………………….Full Article: Source

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