Flexible Fee Design
Allows for the utmost flexibility in the design of incentive fees.
Investor Roles
Incentive fees are associated with specific investor roles.
Calculation & Reporting
Clearly tracks both accrued and charged fees, along with any LCF.
Exclusions
Exclude certain income or expenses from the incentive fee calculation.
Special Circumstances
Easily override a calculation for an incentive accrued or charged.
Fees - Incentive
- Periods: charge every period, at year-end or never (for illiquid classes).
- Rates: fees based on an index, a straight percentage, or a combination.
- Loss Carryforwards: maintain across year-ends and assignments.
- Hurdles, Thresholds, and Clawbacks: based upon index, percentage, or combination.
- P/L: exclude specific accounts and subaccounts.
- Overrides: by investor, shareholder, or share.
