13
Dec
By Julia D. Corelli | Partner | Pepper Hamilton
Expense provisions in fund documents are getting longer and longer, amid pressure on GPs to be more transparent.
From fund design, through regulatory review and enforcement, the fees and expenses borne by an investment fund are a point of intense focus. The 2018 pfm Fees and Expenses Benchmarking Survey covered some of the same territory as the 2016 survey, but added a new level of granularity. And that’s exactly how funds have had to deal with fees...