According to Eurekahedge, a data provider, the average performance fee for funds of funds was 6.5% in 2009, down from 10% in 2007.
据数据提供者Eurekahedge说,组合基金的平均服务费从2007年的10%降到了2009年的6.5%。
It is much closer to a performance fee than an equity stake (managers can only gain from the carried interest, which cannot be negative).
它更像是业绩费而非股份(经理人们只会从附带权益中得到利益,它不会是负的)。
Investors would not dream of paying a performance fee to traditional fund managers merely for matching the market return, yet they cheerfully reward private-equity managers for the same feat.
投资者绝不会在收益仅仅符合市场一般回报水平时向传统基金的经理人支付业绩提成,然而他们却欣欣然的在同样情况下,给予私募股权经理人以业绩提成。
Some funds also charge annual performance fee, which is deducted only when the fund's current year performance beats an index or the achievement for a certain period in the past.
有些基金还收取每年表现费,但这费用只能于基金该年表现超越基准指标或过往某期间的往绩方可扣除。
For details of Performance Fee, please refer to the Fund's Explanatory Memorandum.
关于业绩表现费详情,请参阅基金说明书。
The high fees that private-equity firms charged in the boom, typically 2% of the assets they oversee (the "management" fee) and 20% of the upside (the "performance" fee), are harder to pocket now.
繁荣时期私募股权公司收取的高昂费用,一般来说为它们管理的资产的2%(“管理”费)加上升值部分的20%(“绩效”费),在现在已经很难获得了。
The high fees that private-equity firms charged in the boom, typically 2% of the assets they oversee (the "management" fee) and 20% of the upside (the "performance" fee), are harder to pocket now.
繁荣时期私募股权公司收取的高昂费用,一般来说为它们管理的资产的2%(“管理”费)加上升值部分的20%(“绩效”费),在现在已经很难获得了。
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