Expense Practices for Private Fund Advisers

May 2012
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Expense Practices for Private Fund Advisers

At a glance

May 2012 - This FS Regulatory brief provides important information to assist hedge fund and private equity fund advisers in understanding the general risks around expense practices, and creating and maintaining a sound control framework to address those risks.

For private fund advisers, the assessment and allocation of fees and expenses is a key compliance risk area and deserves careful attention. Advisers to private funds, like other types of SEC-registered advisers, will be expected to have institutional-type controls around fee calculations, cash wiring, and expense allocations.

This FS Regulatory brief provides important information to assist hedge fund and private equity fund advisers in understanding the general risks around expense practices, and creating and maintaining a sound control framework to address those risks.

To read this FS Regulatory Brief, please click here.

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