Mary Childs is back! This week she helps us understand why private equity firms and hedge funds charge such high fees for their services.
And if you're thinking, "These are rich people problems, I don't care," well, Mary says that actually you should care, because your retirement money (or at least somebody's retirement money) might be at stake. The biggest investors in both private equities and hedge funds are pension funds, and high fees and poor returns may affect your life after retirement.
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