Hints and tips:
...“Imagine if a venture capital firm paid itself a billion in incentive fees when WeWork momentarily hit $47bn, and didn’t give a penny back later? Welcome to hedge fund land,” he said....
...While most of Evergrande’s foreign creditors are likely to recover just pennies on the dollar on their $20bn of bonds, Oaktree could bank a windfall of more than $200mn if it is able to sell the assets it...
...The moves were so strong that they inflicted heavy losses on hedge fund Melvin Capital, run by a protégé of well-known manager Steve Cohen. Congress has held numerous hearings over the episode....
...Everyone in the chain of ownership is incentivised on a short-term basis, adds Colin Melvin, managing director of Hermes Equity Ownership Service, which represents the owners of $60bn of assets....
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