What are the fees, including performance or incentive fees, related to the Point Judith II fund?
FORBES: 22 Tough Questions For Rhode Island's Pension 'Reform' Treasurer
The adviser must achieve a 7% annualized hurdle rate (1.75% quarterly) before earning any incentive fees.
FORBES: WhiteHorse BDC goes public for $100M, with 12 deals at 12.8%
Congress closed the loophole for deferral of incentive fees by offshore managers in 2005 with Section 409a.
FORBES: Mitt Romney Is Hardly A Pig When It Comes To Tax Deductions
The IRS audit manual still says that carried-interest may be disguised incentive fees.
FORBES: Mitt Romney Is Hardly A Pig When It Comes To Tax Deductions
Before incentive fees (and not counting the annual fee), you are breaking even.
Managed accounts pay advisory fees which include management and incentive fees, whereas funds using profit allocation clauses only pay management fees.
He has spent his 50-year career agitating for lower investment costs and so is naturally hostile to things like one-sided incentive fees.
If so, please disclose how much the total fees were each year from 2009 through today, including any performance or incentive fees and other fees.
FORBES: 22 Tough Questions For Rhode Island's Pension 'Reform' Treasurer
Average incentive fees of hedge funds launched during the same 12-month period declined to 17.04%, more than 100 bps lower than the average of funds launched in 2010.
FORBES: How's The Euro Crisis Affecting Hedge Funds? It's Shutting Them Down
Morgan Stanley, for instance, sponsors a fund of funds, Liquid Markets Fund I, that puts investors' money into an assortment of hedge funds that each impose one-way incentive fees (plus annual management fees).
The "high-water mark" provision works this way: If the manager gets an incentive fee for taking the fund up X%, he doesn't get additional incentive fees until the fund tops a cumulative X% return.
Named plaintiffs were barred from sharing their lawyers' fees, because they would have an incentive to maximise rather than minimise them, says James Copland, director of the Centre for Legal Policy at the Manhattan Institute.
The case illustrates how plaintiff attorneys in securities class actions have an incentive to hire small armies of temp attorneys to justify their fees to judges.
So, just like going to Goldman Sachs for a valuation of your company, they have an incentive to give the highest valuation possible, since that will earn them the most fees, for artwork they transact.
FORBES: Is Art Advisory Panel Giving Taxpayers A Fair Shake ?
As a result, there may be an incentive to transact more often or recommend investment products that have higher commissions, trailers, or embedded fees.
FORBES: Is Your Investment Adviser Earning His Keep? Part 2: Your Adviser's Pay Structure
One is to set up an incentive system with the banks so they really offer small savers accounts with no minimum, with no fees that are perhaps tax-exempt.
There's no word of what fees or interest rates will be assessed for late payments, but we imagine you'll find strong incentive to pay for that flower arrangement.
应用推荐