performance fee Archives - Managed Funds Association

MFA-AIMA Submit Joint Letter to Australian Treasury on the Draft Investment Manager Regime (IMR) Legislation04.28.14

On April 28, MFA and AIMA submitted a joint letter to the Australian Treasury reiterating the Associations’ concerns with the […]

Click to expand relevant topics

Topics: Australian Treasury Australia, AIMA, Alternative Investment Management Association, IMR, Investment Manager Regime, non-resident exemptions, hedge funds, investment manager, remuneration, compliance, offshore, offshore limited partnership, limited partnership, Australian resident, tax, capital gains, Financial Assets, independent agent, due diligence, arm's length fee, performance fee, HM Revenue & Customs, bright-line tests, independent capacity test, widely-held test, institutional investors, managed account, Physical Comingling, starting year, wind down, Look Through, Australian Tax Office,

MFA Submits Comments to Australian Treasury on Latest Draft IMR Legislation02.14.14

On February 14, MFA submitted a comment to the Australian Treasury regarding the most recent draft Investment Manager Regime legislation […]

Click to expand relevant topics

Topics: Australia Australian Treasury, IMR, foreign investments, Alternative Investment Management Association, AIMA, tax, widely-held test, foreign widely held funds, managed funds, compliance cost, private investment funds, carried interest, performance allocation, performance fee, U.S. domiciled counterparties, limited partnership, alignment of interest, Look Through, fund of funds, financial institutions, bank, broker-dealer, endowment, foundations, charitable institution, nominee investor, know your customer, AIFMD, financial services industry, seed capital, de minimis, Singapore, Hong Kong, start up company, Unwind, fire sale, managed accounts, foreign investment,

MFA Comments on Application of Risk Retention Proposal to CLO Managers10.30.13

MFA submitted comments to the Securities and Exchange Commission, Federal Reserve, Federal Deposit Insurance Corporation, Office of the Comptroller of […]

Click to expand relevant topics

Topics: Department of Housing and Urban Development SEC, Securities and Exchange Commission, Federal Housing Finance Agency, FDIC, Federal Deposit Insurance Corporation, Board of Governors of the Federal Reserve System, Office of the Comptroller of the Currency, credit risk retention, credit risk, Dodd-Frank Act, investment advisers, registered investment adviser, registration, collateralized loan obligations, CLO, privately offered fund, commercial banks, management fee, performance fee, asset-backed securities, securitizer, collateral pool, collateral, Loan Syndications and Trading Association, LSTA, open market CLO manager, risk retention, capital, separately managed account, managed account, Pension Funds, Portfolio Diversification, regulatory framework, R. Bram Smith, borrowers,

Joint MFA-AIMA Letter to Australian Treasury on Investment Manager Regime09.12.13

MFA and AIMA sent a joint letter to the Australian Treasury in response to the Treasury’s second exposure draft of […]

Click to expand relevant topics

Topics: Australia Australian Treasury, AIMA, Alternative Investment Management Association, Investment Manager Regime, IMR, income tax, widely-held test, Managed Funds Association, managed funds, compliance costs, Bill Shorten, Minister for Financial Services and Superannuation, Asia Pacific, passive portfolio investments, foreign funds, hedge funds, hedge fund industry, hedge fund structure, foreign investments, pooled investment fund, sophisticated investors, institutional investors, pension plans, endowments, high net worth requirements, fund of funds, exchanges, direct offering, partnership, master-feeder fund, Side-by-Side Structure, Master-Feeder Structure, Cayman Islands, Feeder Funds, managed accounts, ring-fencing, closely-held test, remuneration, management fee, performance fee, limited partnership, alignment of interests, Unwinding Costs, investment portfolio, illiquid assets,

MFA Submits Comment Letter to ESMA on MiFID Remuneration Guidelines12.07.12

MFA submitted a comment letter to ESMA in response to ESMA’s consultation paper on remuneration guidelines under MiFID. In the […]

Click to expand relevant topics

Topics: ESMA European Securities and Markets Authority, MiFID, Markets in Financial Instruments Directive, remuneration, public consultation, conflicts of interest, hedge fund managers, Alternative Investment Fund Mangers Directive, AIFMD, Committee of European Banking Supervisors, EU Member State, principle of proportionality, financial institutions, client investment funds, private placement, institutional investors, sophisticated investors, risk management, shareholders, alignment of interests, performance fee, high-water mark, fee structure, material impact, business models, variable remuneration, Senior Management, investment firm,

MFA Submits Comments on AIFMD Remuneration09.27.12

MFA submitted comments to the European Securities and Markets Authority (ESMA) on its consultation on guidelines on sound remuneration policies […]

Click to expand relevant topics

Topics: ESMA European Securities and Markets Authority, remuneration, consultation paper, remuneration policies, AIFMD, European Union, EU, Policy Makers, proportionality principle, AIFM, excessive risk-taking, Identified Staff, limited liability partnership, LLP, management committees, junior partner, RemCo, deferral of remuneration and pension, European Commission, Council of the European Union, European Parliament, hedge fund managers, financial institutions, deposit-taking entity, government insurance, private placement, institutional investor, sophisticated investors, bank, Insurance, alignment of interests, owner-managed AIFM, shareholders, public shareholders, third country, Regulators, carried interest, fees, service providers, commissions, delegate, performance fee, Senior Management, investors, other risk taker, risk profile, Balance Sheet, own account dealer, operational risk, United Kingdom, affiliated group, governing body, Limited Liability Company, LLC, risk management, compliance, audit, compliance staff, counsel, chief compliance officer, control functions, parent company, credit institutions, capital requirements, MiFID, MiFID firms, distributions, minimum capital requirements, management bodies, non-executive directors, hedge funds, assets under management, AUM, Member State, Member State competent authorities, control function, pension, variable remuneration, risk alignment, material risk, UCITS, performance measures, deferred remuneration, non-deferred remuneration, Claw-Back, fee structure, redemption rights, tax, Tax Implications, bonuses, underperformance, alternative instruments, retention policy, financial stability, non-EU AIFM, marketing, EU Passport, private placement regime, Disclosure, Annual Report, Confidential Information, stakeholders,

Letter to ERISA Advisory Council on Hedge Funds’ Benefit to Pensions and Beneficiaries11.01.11

MFA submitted a written statement to the ERISA Advisory Council in connection with an Advisory Council meeting on November 8 […]

Click to expand relevant topics

Topics: Employee Retirement Income Security Act ERISA, U.S. Department of Labor, guidance to plan fiduciaries investing in hedge funds, pension plans, due diligence, plan fiduciaries, DOL, private equity funds, President's Working Group on Financial Markets' Investors' Committee, The Investors' Committee, investment managers, institutional investors, corporate pension plans, public pension plans, insurers, educational endowments, assets under management, net asset flow, alternative investment vehicles, investment portfolio, diversification, risk management, returns, not correlated, traditional equity, fixed income markets, plan participants, Hedge Fund Research Inc. Monthly Index, HFRI, S&P 500, Joseph Dear, California Public Employees' Retirement System, CalPERS, Senate Banking Subcommittee on Securities, Insurance and Investment, target rate of return, beneficiaries, alignment of interests, fee structure, performance fee, high water marks, Federal Securities Laws, sophisticated investor, qualified purchaser, accredited investor, bank, savings and loan association, insurance company, registered investment adviser, employee benefit plan, self-directed plan, discretionary authority, discretionary control, investment advice, investment strategies, taxation, accounting, valuation, liquidity, reporting, Sound Practices for Hedge Fund Managers, non-correlated returns,

Comment Letter to the Department of Labor in Response to the Departments Proposed Rule to Amend the Definition of Fiduciary Under ERISA02.03.11

MFA submitted a comment letter to the Department of Labor in response to the Departments proposed rule to amend the […]

Click to expand relevant topics

Topics: Employee Benefits Security Administration Department of Labor, DOL, ERISA, alternative investment vehicles, hedge funds, diversification, risk management, equity markets, fixed income markets, Joseph Dear, California Public Employees' Retirement System, Senate Banking Subcommittee on Securities, Insurance and Investment, pension fund, rate of return, fee structure, performance fee, total returns, hedge fund managers, risk-adjusted returns, high water marks, government safety new, pooled investment funds, Congress, Securities and Exchange Commission, SEC, Commodity Futures and Exchange Commission, CFTC, non-plan asset funds, plan asset vehicles, general partner, DOL regulations, equity securities, plan assets, market concern, Investor Protection, private investment fund, principal underwriter, fiduciary, appraisals, pricing services, custodians, appraisers, managing member, Internal Revenue Code, pooled investment vehicles, fiduciary liability insurance. prime brokerage, daily mark, swap counterparty, fund administration agreements, asset-based fee compensation, prohibited transaction provisions, net asset value, hard-to-value, private equity holdings, real estate holdings, side-pocket investments, appraisal of property, investment advisers, valuation firm, hedge fund manager, private pension, good faith estimate, may be considered standard, significantly influence standard, ERISA fiduciaries, mutual understanding, valuation of assets, "may be considered" advice, risk appetites, tailored advice, pooled investment fund, exemption applications, transaction reversal, excise taxes, selling exception, due diligence, adverse, marketing services, impartial investment advice, purchaser, seller, bilateral agreement, default, derivative markets, short sales, options, structured products, futures, settlement accommodations, overdraft coverage, inadvertent fiduciary status, pooled vehicle, market color, prime brokers, general partners,

Comment Letter Responding to SEC’s Proposal to Implement Amendments to the Advisers Act Contained in Title IV of the Dodd-Frank Act01.24.11

MFA submitted a comment letter todayto the SEC on its proposal to implement amendments to the Advisers Act contained in […]

Click to expand relevant topics

Topics: Securities and Exchange Commission De Minimis Amount, Investment Management, Richard H. Baker, Hearing on Industry Perspectives on the Obama Administration's Financial Regulatory Reform Proposals, Committee on Financial Services, U.S. House of Representatives, venture capital funds, private fund managers, Effective Date of Title IV, registration requirements, Mid-Sized Managers, Securities Commissioner, Exemption, hedge fund industry, Unregistered Managers, SEC-Registered Managers, Substantive Provision, effective date, net assets, Commission on Form ADV, Incentive-Based Compensation Arrangements, Hedge Fund Manager Registration Rul, performance fee, Income Thresholds, Grandfathering Provisions, equity owner, private adviser exemption, transitional relief, qualified purchaser, qualified client standard, Investment Adviser Registration Depository, IARD, SEC, Registration Process, SEC's Contract, IARD System, Duplicative Filing, NSMIA, Form ADV-T, regulatory assets under management, Proprietary Accounts of the Manager, Threshold of $25 Million, assets under management, Portfolios, investment adviser, Form ADV Part 1A, Instruction 5.b., threshold, registration, state securities commission, Mid-Sized Manager, SEC-registered investment advisers, Family Accounts, Proprietary Accounts, pooled investment vehicle, gross assets, hedge funds, leverage, collateral, counterparties, FSA, systemic risk, Basel Committee on Banking Supervision, Leverage Ratios, European Central Bank, Bank of America-Merrill Lynch, Columbia University, The Turner Review, Definition, proprietary information, valuation methodology, generally accepted accounting principles, GAAP, Debt-to-Equity, Instruction 5.b(4), Fair Value Methodology, International Accounting Standards, Difficult-to-Value Assets, Valuation Information, Private Fund Information, Compliance Risks, public disclosure, beneficial owners, Investor Protection Benefits, Fair Valu Hierarchy, Schedule D, Section 7.B.1, Proposed Items 14, 15, 17, 13 and 29, 11 and 12, $1 Billion, Incentive-Based, Excessive Compensation, banks, Credit Unions, broker dealers, assets, Proposed Items 5.A, 5.D and 5.F, Form ADV, Part 1A, Proposed Instruction 1.b., hedge fund managers, Depository Institutions, Taxpayer Money, National Securities Exchanges, Wealth and Income Requirements, Tier 1 Financial Holding Company, Compensation Structure, Unit-Linked Life Insurance,

MFA Comments to the U.K. Hedge Fund Working Group’s Consultation Paper12.14.07

Today, MFA submitted the following response letter to the U.K. Hedge Fund Working Group on its Consultation Paper. The overall […]

Click to expand relevant topics

Topics: Hedge Fund Working Group consultation paper, HFWG, Sound Practices for Hedge Fund Managers, United Kingdom, global relevance, global alternative investment industry, hedge funds, funds of funds, managed futures funds, jurisdictional requirements, fund governing bodies, Third Party Administrators, board of directors, U.S. based funds, net asset value, compliance, Comply or Explain, managers, investors, counterparties, bright line test, Fund Governing Body, President's Working Group on Private Pools of Capital (PWG), Securities and Exchange Commission (SEC), offshore, non-U.S. exchanges, Irish Stock Exchange, Luxembourg Stock Exchange, regulatory implicationsm Websites, segregation, potential conflicts, third parties, Investment Policy, Risk Disclosure, potential liability, Performance Measurement Disclosure, non-marketable, illiquid securities, portfolio, marketable securities, valuation determinations, Chartered Financial Analyst Institute, Global Investment Performance Standards, independent valuation services providers, portfolio management, independent third parties, independent in-house functions, Difficult-to-Value Assets, exchange traded posistions, uncertainity, Fair Value, fire sale, Disclosure, market price, audited annual accounts, side pocket, market risk, stress testing, Governance of Operational Risk, conflicts of interest, compliance procedures, client confidentiality, Outsourcing Risk, service legal agreement, Key Performance indicators (KPis) Fund Governance Disclosure, spectrum, Market Abuse, Insider Dealing, inside information, disclosure thresholds, U.S. securities law, UK, AML, side letters, commercial terms, reconciliation errors, valuation, legal risks, regulatory risks, trade association, board of trustees, investor groups, Regulators, Lenders/Prime Brokers/Dealers, OTC market particpants, cross-market particpant working group, OTC derivatives transactions, Federal Reserve Bank of New York for OTC equity derivatives, OTC electronic transaction posistions, price sources, cherry picking, performance fee, scenario analyses, counterparty risk, netting agreements, collateral agreements, collateral calls/two way collateral posting, soft limits, Model Risk, Key man risk, one-stop shop, prime brokers, Derivative posistions, Borrowed Stock, exposure, stock lender, proxy voting policy, Alternative Investment Management Association, AIMA,

MFA Comment Letters

Topic: performance fee