The private funds industry has developed significantly in operational sophistication over the past 10 years. Today, the investor wish list includes the existence of an independent administrator, an internal CFO, segregation of duties, employee background checks, centralized operations, documented policies and procedures, a fiscal budget, an internal CCO, an external regulatory consultant, a clean regulatory history, formal compliance training, a tested disaster recovery plan, a cyber security plan, and related staff training... Read more »
What habit is as old as time itself? It has to be making all kinds of ‘do-better’ resolutions at the beginning of the year, only to see them falter before the birds start building their nests each spring.
NBC News ran an article online in January discussing this annual phenomenon, 2017 New Year’s Resolutions: The Most Popular and How To Stick to Them: “Research shows that only about 8% of people actually achieve their New Year’s goals”; said Dr. John Agwunobi, chief health and nutrition officer for Herbalife. “After the holiday tradition of over-indulgence, we set out to rid our cabinets of junk food, hit the gym and start fresh, but some people tackle the problem too aggressively, with overly restrictive diets, or exercise regimes that they can’t commit to, and soon give up their efforts.”... Read more »
We’ve all been there. Moving, shaking, getting stuff done at an industry event. Hitting up investors for contact details and meetings. Meeting fund managers who can potentially add value to an investment portfolio. Looking for new business prospects among investors and managers. And then it happens. Knowingly or not, we commit one of the Seven... Read more »
How will changes to carried interest affect your fund? Previously proposed changes to carried interest would dramatically impact the tax liabilities for most funds. If reform follows the previous proposal, there may be an opportunity for funds to act before reform is enacted.... Read more »
Misinformation and fake news have become common, and the world is developing so rapidly that the information we thought was true yesterday may not be true today. Ten years forward will be radically different, especially in the field of investing. Emerging markets now constitute over 60% of the world economy and their share is growing. Many investors are influenced by misconceptions regarding emerging vs. the U.S. and other developed markets such as... Read more »