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Exact(22)
Some portion of that $30 billion spread is entirely rational: Owners of closed-end shares are a captive audience, forced to pay management fees to a portfolio manager who may not be doing a good job.
In other cases, companies pay management fees or set up extra facilities at schools.
Investors in that new vehicle have been told they will not pay management fees.
Symphony musicians have their frustrations with conductors, to be sure, though many of them gripe as much about pay, management policies or irksome colleagues.
She noted that Apple, Hewlett-Packard and Intel each has sought to stack its board of directors' compensation committee, which decides how to pay management, with independent directors.
Now, the town will pay management fees to a local skating business to run the ice and roller rinks and to the Y.M.C.A. to run the swimming pool and other programs.
Similar(38)
Such fund managers typically are paid management fees of 2percentt of assets under management, plus 20percentt of profits, but some also have customers agree to pick up office costs as well through soft-dollar arrangements.
In return, Canary deposited $25 million into Pimco funds and paid management fees, the S.E.C. said.
Should the highly paid management have known what was under the bonnet?
To help choose which ones, it hired Consulting Services Group of Memphis, which recommended that the city create a custom basket of hedge funds that paid management fees to Consulting Services Group.
("We don't think we should be paying management fees," he says. "The VCs aren't doing any extra work").
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com