02.09.2016 - Future Fund puts private equity on notice over fees
The Future Fund’s chief investment officer has warned the private equity industry that the days of charging generous performance fees for returns based on “luck or lazy use of leverage” have gone forever. Raphael Arndt told the AVCAL Alpha Conference in Melbourne that true value creation strategies were now more important than ever for the $123 billion sovereign wealth fund. “Ensure that you are focused on true value-add, are flexible with fees and terms and, most of all, operate in a transparent way,” Arndt said...............................................Full Article: Source
Print