Being a Limited Partner has been a source of pride for me for over a decade but now I hear that that the Executive Committee is about to change how both GP & LP returns are calculated.
No more we're all in this together. Starting in a month or so there will be different levels of both GP & LP. Some GPs will earn a higher rate on their GP than others and some LPs will earn a higher rate of return than other LPs.
Just doesn't seem right. What would Ted say?