You know, the kind of disclosures that are made for all of the investments in your 401k now. And second, these Private equity outfits charge astronomical fees and take a big cut off the top, sometimes as much as 20% of those investments. Look, the people who get rich on private Equity are the guys running it and the insiders. Now, the PE boys claim ordinary investors like you would also get rich. (03:15–03:25)
CLAIM
Asserts that private equity firms charge high fees, up to 20%, on investments.
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