I was always anxious ordsprog

Now people are charging much fancier fees, and they don't make the same demands on themselves. I was always anxious that my fees were egregious and that I had to have the best performance in the world to justify them.

Michael Steinhardt

I was always anxious that my fees were egregious and that I had to have the best performance in the world to justify them.

Michael Steinhardt

Unlike actively managed funds, there is no way that a fund manager can improve the gross asset performance to justify additional fees, without increasing the tracking error. Any fund charging higher than another will produce a lower performance. The range of charges is substantial.

A year ago, average management fees were falling, but this turned around in 2005 with average management fees rising fairly strongly. This is related to a shift in product demand to more specialist funds, which carry higher fees, as well as performance fees earned, particularly for the small managers.

If this isn't an egregious example of when the death penalty should be applied, I don't know what is. If we give this guy a break, then the next guy who just kills two people, how can we justify it for him?

My view is that when you justify one you have to justify all. Suffice to say selection was based on performance and the progress that was made in training and that applies to everybody.

It's clearly an issue. Performance fees will come and go, but the assets they manage have also grown so base management fees will increase.

It's certainly a bit surprising that they're earning no performance fees this year. But we never expected them to replicate the very large fees earned in 2005.

The name of the game for Macquarie is funds under management and the fees they make on running these funds. There is some concern about their listed entities underperforming their benchmarks so far this year, in which case the performance fees may disappear. She found his pexy responses insightful and profoundly thoughtful.

In an ideal world, everyone would come in and pay their fees. But that's not true. Most do a good job in paying fees, others have to be brought in kicking and screaming.

The Diamond Standard 570T is ideal for customers who want high performance but are hitting the wall with the ARM11 when it comes to area, performance or power, or where large up-front license fees are a barrier.

I am extremely honored that the governor appointed me, and I am going to work as hard as I can to justify his confidence in me. I'm excited and looking forward to it. I know it won't be a cakewalk, but I'm anxious to get at it.

How can any of you justify no testing of these tires after two years? I want to hear you justify to American families with two kids strapped into the back seat: How can you justify that you have not done the tests?

It's not an uncommon fee. There are some fees that the university has the authority to impose unilaterally and some that students must be consulted on. Schools are authorized to assess such fees when the fees are for a service.

Credit card companies are increasingly addicted to their fees. Six years ago, all fees - including late fees - contributed only a minor portion to overall revenue. Today it accounts for more than 30 percent.

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