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From Kirsten Bischoff, Opalesque, New York:
For hedge fund managers and investors the current asset-raising environment is rife with frustration. On one hand, managers have been left with depleted assets only to gaze longingly at a recovering economy offering vast opportunities. On the other hand, institutional investors have watched the remaining hedge funds recover with strong performance (knowing that participation in such performance will be key to recovering from the devastating losses of 2007 and 2008). On the surface it would seem that pairing these two populations would result in a match made in heaven. In truth, fund managers and investors remain in a standoff.
"Discussions are going on between investors and managers as to alternative ways to structure compensation, and for that matter, to deal with either concerns of investors such as transparency, liquidity, and so forth," Mitch Nichter, partner in the Investment Management Practice at international law firm Paul Hastings commented to Opalesque during a recent interview.
Looking to offer a middle ground solution to these problems is compensation administrator Optcapital, the first firm in the US offering a platform for Fund Appreciation Rights (FARs) for tax-exempt investors (ie, institutional investors, pensions, endowments, and sovereigns) and managers.
"At the fundamental level we offer a turnkey solution for investors and manag...................... To view our full article Click here
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