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Sample Testimonial
Performance Fees
"Excellent. Trainer had depth of knowledge, clear & concise style. Best course I have been on at client name." Hedge Fund Administrator, Dublin
Featured Course
Performance Fees
Duration: One day
Course Overview
At the end of this course participants will be able to
- Calculate and allocate fees using the series and equalization methods
- Calculate equalization credits and additional performance fees
- Calculate crystallization amounts on redemption and at the end of a performance period
- ‘Roll-up’ a number of series in to one series at the end of a performance period
- Incorporate fixed and variable hurdle rates
- Discuss the logic, the benefits and the drawbacks of the series and equalization methods
- Account for performance fees
- Identify potential errors and discuss possible preventative measures
Course Content
- Basic calculation
- Prior high watermark
- The problem is allocation
- What does the prospectus say?
- Series method
- Crystallization
- Series roll-up/collapse
- Equalization credit/adjustment method
- Equalization credits and additional performance fees
- Hurdle rates
- Resets
- Risk & control issues
Who should attend?
Staff with little or no previous experience of performance fees who will be responsible for their calculation, review or audit.
