Funds: Percent and Bank Plans

funds: The new commitments would take the total pool to 100 billion, though there's no guarantee that the parties will reach an agreement, they said, according to The Japan Times. The Vision Fund will charge a performance fee of 20 percent and a management fee of 0.5 percent to 1 percent, the people said. The telecoms and internet company is in talks with Canadian pension funds, sovereign wealth funds in Kuwait and Qatar and technology companies, the people said, asking not to be identified as the discussions are ongoing. That compares with private equity firms, which typically charge 2 percent of the assets they oversee, plus 20 percent of profits. Representatives for Soft Bank and the Kuwaiti and Qatari wealth funds declined to comment. Soft Bank plans to hire about 50 people this year to help manage its investments, the people said. (news.financializer.com). As reported in the news.