Thu, Dec 18, 2014, 2:36 AM EST - U.S. Markets open in 6 hrs 54 mins


% | $
Quotes you view appear here for quick access.

Oppenheimer Holdings Inc. Message Board

  • marginguy marginguy Dec 27, 2005 3:03 PM Flag

    Fund fees

    An earlier press release clearly states that the new fee structure will save shareholders $448,000. It is realistic to assume that this is the number that OPY will lose out on....

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Actually, I put the loss of revenue at closer to $10 million.

      The 448,000 is what shareholders of the Funds will save because Blackstone is reducing the management fee.

      There is still an over 1% management fee which is now going to Blackstone and used to go to Oppenheimer.

      1% on over $1 billion of fund assets gets you the $10 million that walked out the door.

      As I said, Blackstone and Punita pulled a nice coup on Bud and the boys

22.52+0.87(+4.02%)Dec 17 4:02 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.