A great story is hugely instrumental to selling your value to investors. Managers who are superior in skill set when it pertains to actual investing often find themselves struggling to convey that expertise to potential partners in a way that yields the same positive results they are used to getting. The reason? Spinning a good story takes a different talent

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For years internally managed private funds (IMFs) have been a seldom-used business model which has not proliferated in the private funds industry. Given the current regulatory environment, however, private fund advisers may want to consider forming an IMF that is tailored to their investor base in order to organize and operate their business in a more cost-efficient manner outside the purview of the Investment Advisers Act of 1940 (the Advisers Act) and related SEC regulation and examination

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