The downside to American private equity-style 'interim' bonus payments at investment funds is being graphically demonstrated in a hushed-up case involving London-based real estate company, Tristan Capital Partners. It might even make professionals question signing such performance-related contracts.
Legal & General Investment Management’s (LGIM’s) managed fund has acquired Tesco Yarrow Road Poole from clients of abrdn for £46.1 mln (€54 mln).
