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Sample Testimonial

Performance Fees - Equalization Credit Method

"Helps to understand overall calculation of performance fees and errors which may appear."

Hedge Fund Administrator, Dublin

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Featured Course

Performance Fees - Equalization Credit Method

Duration: Half day

Course Overview

At the end of this course participants will be able to

• Calculate and allocate fees using the equalization credit method
• Calculate equalization credits and additional performance fees
• Calculate crystallization amounts on redemption and at the end of a performance period
• Incorporate fixed and variable hurdle rates
• Discuss the logic, the benefits and the drawbacks of the equalization credit method
• 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?
• Crystallization
• Equalization credit/adjustment method
• Equalization credits and additional performance fees
• Hurdle rates
• Resets
• Risk & control issues

Who should attend?

Staff responsible for the calculation, review or audit of performance fees.
Hedge fund professionals who require a greater understanding of performance fees.

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