I appreciate everyone’s thoughts and points of view here. I started typing out a response and it turned into a pretty big document so I turned it into an Open Letter (maybe I wrote to much, lol) and posted it in General An Open Letter from bc
Quick note: I did not notice this basis points of AUM note above before I wrote the letter. I do not agree Cartan should be charging bps on assets because we do not make asset allocation decisions. But I appreciate the thinking behind the idea and would be happy to answer any questions from a fund admin perspective (having a lot of experience in that industry
bc