;#Faculty News;# | Bloomberg.com | 09
Blackstone Counters Fee Pressure Via Custom Pension Deals
Re: Josh Lerner
"There has been a noticeable change over the past 18 months with a lot going on below the surface, with side letters being written by investors cutting special deals," Josh Lerner, a professor at Harvard Business School in Boston, said in an interview. "The bulk of the discounts are going to the large investors."