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The Rev. Jesse Jackson said yesterday that minority-owned firms should receive 10percentt of asset-management fees for managing corporate pension and 401(k) money -- setting a goal far higher than what such firms now receive.
Unlike publicly traded REIT's, whose shares trade on exchanges like stocks and which are typically self-managed, the private REIT's have separate affiliates that charge fees for managing the REIT.
Fees for managing pension funds can be very lucrative.
The brokerage firm beat estimates, helped by interest revenue and higher fees for managing assets.
Quadrangle, in turn, earned $5 million in fees for managing that money.
Quadrangle received about $5 million in fees for managing the state's money.
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First, the investors received no fee for managing the assets.
Meanwhile, the money in the fund grows -- and Fidelity gets a fee for managing it.
And suppose Congress mandates that Mr. Cohen not charge a fee for managing this fund.
It earns a fee for managing its assets and an incentive fee for profits from its trading activities.
There is a pounds 25-a-year annual fee for managing Peps and Isas, no matter how many you have.
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