GB Group

Undisclosed Fees and AGMs

It's interesting what you can learn at Annual General Meetings, or from ShareSoc reports on them, even if you don't attend in person. One of the recent news items in the financial press was about the disclosure of what private equity fund managers have received in "carried interest". It transpired that two very large US pension funds, Calpers and Calstrs, had no idea how much their fund managers had earned in this way over many years on top of their normal fees. ...