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Investment Funds Benchmarking

White & Case LLP

PFI: benchmarking and market testing, a cause of conflict in the long run?

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The ongoing Scottish case of Serco Limited v Forth Health Limited highlights the difficulties that can arise when applying benchmarking and market testing provisions in long-term maintenance and service agreements. ...more

Troutman Pepper

Fees and Expenses Survey 2018: Everything Is Becoming More Granular

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Pepper is pleased to announce the release of the 2018 pfm Fees and Expenses Benchmarking Survey, produced in partnership with PEF Services and WithumSmith+Brown. The survey was launched in 2014 in response to fund managers’...more

Troutman Pepper

If It's Not Disclosed, It Can't Be Charged - Pepper Hamilton Commentary from the 2018 pfm Fees and Expenses Benchmarking Survey

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Expense provisions in fund documents are getting longer and longer, amid pressure on GPs to be more transparent....more

Troutman Pepper

Squeezed in the Middle

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Fund managers are getting squeezed from all directions. Absent raising a larger fund next time, GPs cannot realistically expect to grow top line revenue. At the same time, they bear variable and often unpredictable expenses. ...more

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