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Performance Based Fees
This is a new SEC FAQ, released in January 2023, related to its SEC ad rule
Since August, the qualified client definition jumped from an AUM test of $1 million to $1.1M and a net worth threshold of $2.1M to $2.2M
We are adopting amendments to rule 205-3 to replace the specific dollar amount thresholds in the rule’s net worth and assets-under-management tests with references to ...
Rule 205-3 — Exemption from the Compensation Prohibition of Section 205(a)(1) for Investment Advisers
Provides for compensation to the investment adviser on the basis of a share of the capital gains
CEO and chief portfolio manager charged for their roles in artificially NAV and performance results
In a new settlement order, the SEC says private fund adviser Soteira Capital and its principals, Derek Charles Clark and Laura Santos overcharged performance fees, ...
'A lot of fees and potential conflicts inherent,' Chairman says