kaal:claim:2959730-013

The new fee structure also results from fund managers foregoing market rate management fees, larger investors requiring reduced management fees as a condition of investing, and side-by-side co-investment vehicles charging less than 2% management fees.

Source quote, verbatim

The new fee structure is also the result of fund managers foregoing market rate management fees, larger investors requiring reduced management fees to induce investment, side-by-side vehicles attracting investors in the co-investment entities by charging less than 2% management fees

From

Wulf A. Kaal, Blockchain Applications and Fee Structure Developments in Private Investment Funds (2017), III. Factors Creating Downward Pressure on Fees, p. 7
https://ssrn.com/abstract=2959730 · source PDF

Cite as

Wulf A. Kaal, Blockchain Applications and Fee Structure Developments in Private Investment Funds (2017). SSRN: https://ssrn.com/abstract=2959730

Holds when

funds using side by side or co investment vehicles
funds seeking large anchor investors

Classification

mechanismsupport: arguedinstitutional-design

Verify

The quote above is an exact substring of the source PDF, whose sha256 is ebd86972d8817b0c1c80326ae5564476983cedba3f258ff3b2610f156b93fb50. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/38b37ee34f5d9bdf...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2959730-013.md | sha256sum