Doug Cornelius on compliance for private equity real estate
The Securities and Exchange Commission took a big step with private funds and setting a defined standard of Regulated Assets Under Management. There is still discretion in how different aspects are calculated. It works well for hedge funds and private equity funds. It starts breaking down as you have more alternative assets that fall outside … Read more »
I’ve said it before: Don’t overstate assets under management. You need to keep records on your calculations and be able to prove the calculations. Umesh Tandon ran Simran Capital Management and was trying to land California Public Employees’ Retirement System (CalPERS) as a client. The problem was that CalPERS required prospective investment advisers to have … Read more »