13****402026-07-17 08:12:59
13****40请问investment expense和Managemengt Fee是什么关系？计算real return时需要portfolio收益率-通胀率-MF，为什么不减去investment expense
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Simon2026-07-17 17:42:37
SimonThe administrative costs of running the foundation are $30 million per year and are part of the required payout. Investment expenses are $15 million for the current year and are not part of the required payout。investment expense是foundation的费用。和portfolio没有关系。
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