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Transcript: Ilana Weinstein

The Big Picture

.” It’s really helpful to have had five other meetings with people who sit at analogous funds that had losses that were just as big, and in fact, they may have contributed to those losses more and be able to tell him, first off, your fund, just by my math, has a $250 million management fee. Now HBS I think is 52 or 53 percent.

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Transcript: Gretchen Morgenson

The Big Picture

It had been prevented, had been barred from that before because of this fiduciary duty idea and also because of the opacity of these instruments. But the doctors that I have spoken to in emergency medicine say that’s absolutely not the case. Some of these, the Blackstone BREIT is a perfect example of that.

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