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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....

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    • 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

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