Revived focus on monitoring fees
This issue had died out for a while since the 2014 articles by Gregg Polsky and the NYT but is now back in full force. The Center for Economic and Policy Research (for short CEPR) just released a populist paper titled “Fees, Fees and More Fees: How Private Equity Abuses Its Limited Partners and U.S. Taxpayers.” In addition, Americans for Financial Reform addressed a similar letter to Jack Lew and John Koskinen. The spirit of these reports is basically a rehash of Mr. Polsky’s 2014 arguments. The gist of it is, bad private equity is abusing the law and hurting hard working...
May 13, 2016 read more