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Assets under management

AUMassetsunder management
Usually, the fee is calculated as a percentage of assets under management.
Investment management companies generally charge their clients fees as a proportion of assets under management, so assets under management, combined with the firm's average fee rate, are the key factors indicating an investment management company's top line revenue.

Private equity fund

private equity fundsprivate equityBuyout fund
In a private equity fund, the management fee is an annual payment made by the limited partners in the fund to the fund's manager (e.g., the private equity firm) to pay for the private equity firm's investment operations.
Management fees: An annual payment made by the investors in the fund to the fund's manager to pay for the private equity firm's investment operations (typically 1 to 2% of the committed capital of the fund.

Private equity firm

private equity firmsprivate equity groupprivate equity
In a private equity fund, the management fee is an annual payment made by the limited partners in the fund to the fund's manager (e.g., the private equity firm) to pay for the private equity firm's investment operations.
Private equity firms will receive a periodic management fee as well as a share in the profits earned (carried interest) from each private equity fund managed.

Carried interest

carry
Typically, the managers will also receive an incentive fee based on the performance of the fund, known as the carried interest.
Both private equity and hedge funds tended to have an annual management fee of 1% to 2% of committed capital per year; the management fee is to cover the costs of investing and managing the fund.

Hedge fund

hedge fundshedge fund managerhedge-fund
In a hedge fund, the management fee is calculated as a percentage of the fund's net asset value (the total of the investors' capital accounts) at the time when the fee becomes payable.
Hedge fund management firms typically charge their funds both a management fee and a performance fee.

Mutual fund fees and expenses

no-load12b-112B-1 fee
In a mutual fund, the management fee will include any fees payable to the fund's investment adviser or its affiliates, and administrative fees payable to the investment adviser that are not included in the "Other Expenses" category.

Net asset value

NAVNet Asset Value (NAV)book value
In a hedge fund, the management fee is calculated as a percentage of the fund's net asset value (the total of the investors' capital accounts) at the time when the fee becomes payable.

Publicly traded private equity

listed investment trustprivate equity fund-of-funds investment trustpublicly traded private equity vehicles
A private equity firm (the management company), which provides shareholders an opportunity to gain exposure to the management fees and carried interest earned by the investment professionals and managers of the private equity firm. The most notable example of this public listing was completed by The Blackstone Group in 2007

Fund of funds

fund of hedge fundsfunds of fundsfund-of-funds
Management fees for FOFs are typically higher than those on traditional investment funds because they include the management fees charged by the underlying funds.

Relational Investors

Relational Investors, LLC
The firm primarily invests in value stocks of companies with market capitalization of over $5 billion while charging a 1% management fee and a 20% incentive fee on returns above the S&P 500.

Pay-for-performance (Investment)

Typically, investors pay a base fee for investment management services and performance fees are paid dependent upon the investments’ performance over a given period in relation to the industry benchmark used.

Master limited partnership

Master limited partnershipsmaster limited partnership (MLPs)
Typically, the higher the quarterly distributions paid to limited partners, the higher the management fee paid to the general partner.

The Money of Invention

Paul Gompers
This section also describes the ways in which venture capital is structured, connecting its success to the limited partnership structure (e.g. management fees, carried interests, contractual restrictions); the mechanisms to raise funds and the emergence of the fund of funds; and the challenges of the regulators to grapple with its information gap problems.

Aurelia Finance

In April 2009, all five directors of Aurelia's board (Vladimir Stepczynski, Pascal Cattaneo, Olivier Ador, Laurent Mathysen-Gerst, and Jean-Marc Wenger) were charged by a Geneva magistrate with criminal mismanagement of client assets, and with enriching themselves on management fees, finder fees, and commissions paid for fictitious returns that were never verified.

Private equity in the 2000s

mid-2000s buyout boom2006-2008 buyout boombuyout boom of 2006 and 2007
A private equity firm (the management company), which provides shareholders an opportunity to gain exposure to the management fees and carried interest earned by the investment professionals and managers of the private equity firm. The most notable example of this public listing was completed by The Blackstone Group in 2007

History of private equity and venture capital

1980s buyout boomHistory of venture capitalLBO boom
A private equity firm (the management company), which provides shareholders an opportunity to gain exposure to the management fees and carried interest earned by the investment professionals and managers of the private equity firm. The most notable example of this public listing was completed by The Blackstone Group in 2007

Minimum Wage Ordinance

Minimum Wage Billminimum wageminimum wage legislation
In April 2011, Edward Cheng, president of the Hong Kong Association of Property Management Companies, the largest property management association in Hong Kong, stated that he would appeal to their members to retain paid meal breaks for estate security guards where possible; however, he pointed out that the property owners themselves would have to approve any consequent increases in management fees.