Glenview: We're happy to charge you higher fees
By Lawrence Delevingne
Mon Jun 24, 2013
Larry Robbins is betting on double-digit returns.
| ||Larry Robbins|
Glenview Capital Management is offering investors the chance to pay higher fees.
Larry Robbins' $6.4 billion hedge fund firm announced a new option for limited partners today, offering to lower its management fee in exchange for a high incentive fee.
"Our firm will purchase, up to $20 million annually, the right to an additional 10% incentive allocation for an amount that is equivalent to an annual 1.5% rate," explained a letter to investors sent today. "The effect of this transaction will be that a portion of our clients...
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