They should question whether the statistics, if properly stripped of survivorship bias, really demonstrate that these managers have skill, or alpha, and even if they do whether the high levels of fees mean that all the alpha goes to the managers.
The funding council has looked at the postgraduate fees universities are actually charging and says it will in future assume a higher level of fees than before when it makes its calculations.
(To its credit, the Affordable Care Act does call for raising the fees paid primary-care doctors under Medicaid to the typically higher level of fees paid under Medicare, to lift the relative incomes of primary-care doctors somewhat. But it is a small gesture and, in any event, will take years before that has any effect on the relative supply of these doctors).
England has the highest level of fees and Scotland is at the other extreme with none (at least for Scottish students).
The significance of Exeter calling for the highest level of fees is that this is part of the 1994 Group, outside the most prestigious Russell Group of universities, which might be expected to charge the highest fees.
Large funds allow them to lock in high levels of fee-based personal income.[v] Indeed, a typical firm now makes two-thirds of its revenue from annual management fees rather than performance-based carried interest.[vi] The larger the fund, the more likely it is that income is tied to fund size rather than performance.
And when universities are charging high levels of tuition fees for their campus-based students, this raises questions about how this will be balanced against awarding online degrees for much less.
When US universities are charging high levels of tuition fees to campus-based students, it raises questions about how they could accredit courses which are given away to online learners without charge.
Professional book repair and restoration services offer the ability to bring most old or damaged books back to a high level of quality (for a fee).
Richard Grossman, the executive director of downtown sales for Halstead Property, said that buildings would be able to pay for a high level of service without raising maintenance fees and that this "translates into higher values for the apartments".
