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2009 was the year for field structural changes at inclose funds. According to the latest E&Y analyse of inclose funds, cloudy the direction fees has been one such key change. Apparently the majority (87%) of managers has down their fees or plans to do so shortly. For those who are fans of Venn diagrams, the interpret below is a beatific demo of the structural changes attractive place.
source: E&Y survey
Coincident with the fees descending are the crescendo lock-up periods. As existing lock-ups end and redemptions loom, managers are disagreeable to extend the lock-ups in exchange for gift reductions to attract/retain investors.
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Selasa, 24 November 2009
Lower fees for longer lock-ups
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