SFGTV March 8, 2015
Theres some downward pressure. So thats 17 and 17 is potential more the norm those days path there are a couple of paths to reducing fees further one is manager the accounts okay. And a second is longer than lock up periods if you signal to a manager and hey were looking to partner together with the worlds most outstanding managers were not going to gain the capital soon, well make a 3 year commitments in exchange for lower fees almost all managers will do that. Many, many. Many okay many. And then the third way to reduce the fees through managed accounts the pathway is having a large allocati...