Newsletter: The New California Legislation Regarding Fee Transparency Explained

AcordIQ General Partner Mariya Stefanova explains the new California legislation regarding fee transparency and its implications on LPs and GPs. 

"The intent of the new legislation is to increase the transparency of fees paid by ‘Public Investment Funds’ (PIFs) to Alternative Investment Vehicles (AIVs). What prompts the need for more fee transparency is the fact that the public investment funds pay significant amounts of fees to AIVs, but don’t necessarily receive significant amount of information regarding the character and amount of those fees.."

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