Remove Benchmarking Remove Entertainment Remove Hurdle Rate
article thumbnail

Transcript: Julian Salisbury, GS

Barry Ritholtz

But I don’t think this is a wholesale shift, we’re in a higher rate environment, obviously, for now. And while rates will likely start rolling over into next year, I think we’re in an environment where the hurdle rate for making more illiquid investments is higher.

article thumbnail

Transcript: Savita Subramanian

Barry Ritholtz

And it’s gotten ver like the average active fund has gotten closer and closer to the benchmark over the last five years. But now we’re back to a more normal hurdle rate. 5% interest rates is not super high. 00:38:37 [Speaker Changed] Bill Miller says active management is being destroyed by closet indexers.

Finance 57