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Fees and Expenses

The SEC’s recent risk alert on COVID-19 challenges private fund advisers to come up with “creative” solutions to a new, and world-historic, phenomenon, experts tell ...
After considering the comments received on the Proposal to rescind the Fee Exception,6 the Commission has determined that the Fee Exception is no longer appropriate ...
A Miami private fund adviser incorrectly billed real estate funds it advised $3 million in expense reimbursement, costs that should’ve been billed to its co-investment ...
Investment advisers and broker-dealers should take extra steps to make sure they’re validating investors’ identities and the authenticity of disbursement instructions, and have “a trusted ...
The total number of B-Ds declined 3% over the past year
Investment advisers and broker-dealers should take extra steps to make sure they’re validating investors’ identities and the authenticity of disbursement instructions, have “a trusted contact ...
A Miami private fund adviser has been censured and will pay $350,000 in fines to settle SEC claims that it overcharged the real estate funds ...
The cost allocation methodology Rialto used to calculate Third Party Tasks increased general overhead expenses. Rialto did not fully disclose this increase to the Advisory ...
The Institutional Limited Partners Association has released a new model limited partnership agreement using a deal-by-deal waterfall structure, in hopes of sparking further discussions about ...
Applicants request an exemption from Section 205 and Rule 205-1 under the Advisers Act to the extent necessary to permit the Proposed Fulcrum Fee to ...
The COVID-19 crisis has turned the world upside down, but private fund advisers still must be extra vigilant about how new and different situations effect ...
A Silicon Valley wunderkind who marketed his venture capital advisory firm as the way to harness the power of young tech innovators is facing up ...
The SEC’s recent private funds risk alert points to structural problems in the industry—problems that the Commission itself is in a unique position to help ...
Private fund advisers struggle with conflicts of interest, fees and expenses and putting together the right P&Ps to mitigate the risk of material, non-public information ...
Private funds are struggling with conflicts of interest, fees and expenses and policies and procedures on protecting against the leak of material, non-public information, a ...
The attorney for a former compliance officer at an upstate New York broker-dealer is claiming vindication for his client after state regulators in Massachusetts filed ...
Defendants also violated their fiduciary duty by failing adequately to disclose to their clients the conflict of interest inherent in these transactions
Client services staff should “do a random sampling” each month, pulling 10 invoices and double-checking the math
A client could sue for breach of contract. “It’s pretty easy to calculate the damages” should that occur
A New York private equity fund adviser has agreed to pay nearly $1.9 million to settle SEC accusations that it hid management fees from its ...
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