""The rapid growth of private equity assets under management has pushed fees higher."
The writer does not cite the value of assets under management in 2003 vs the value of assets under management today, so there's not much context here...
But, yeah, you do make your asset management fees simply rolling out of bed in the morning."
"Um, his point, made shortly after the end of the clip, was that you could profit from either scenario by being short companies that relied on leverage."
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