Investment Management AlertKey Points
The proposed order would increase the thresholds for permitting registered investment advisers to charge performance-based fees to a minimum net worth of $2.7 million (excluding the primary residence and certain related debt) or a minimum amount of assets under management with that registered investment adviser of $1.4 million.
Subscriptions documents for private funds relying on Section 3(c)(1) of the Investment Company Act of 1940, as amended, and investm...
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