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Nicholas Donato

Partisan gridlock has prevented a so-called ‘Super Committee’ of US lawmakers from agreeing a deficit reduction plan, preserving carried interest under capital gains tax in the short term.
UK financial services firms have just three weeks left to put in place policies designed to record employees’ mobile phone conversations with clients.
Non-EU fund managers have been provided a brief window to submit their feedback on how EU regulators are proposing to supervise their access to EU institutional investors.
Investors want less ambiguity in their partnership agreements, leading GPs to nail down precisely what rights and obligations LPs are afforded in the fund.
Management fees more than triple what GPs earn from performance-based carried interest, according to research exclusive to sister site PEM which could fuel the industry’s debate over private equity fee structures.
A critical two month countdown has begun for the funds industry to study and respond to detailed AIFM proposals released by EU regulators last week. The industry’s lobbying efforts appear to have borne fruit, but concerns remain.
Fund valuations have reclaimed nearly all of the losses experienced during the downturn. Funds climbed 7% in value in Q4 2010 alone, but carried interest prospects for boom-era vintages remains murky, according to Triago.
The reasons may have changed, but the outcome is still the same. Fewer LPs cite fund terms as a reason to shed relationships with GPs, but an overwhelming majority still plan to refuse managers’ re-up requests in the near future.
In a sign of limited partners’ interest in renewable and green energies, London-based zouk Capital has closed Europe’s largest fund for investments in clean technology.
A California ethics board is once again investigating the $237bn public pension – this time over allegations investment staff failed to properly report gifts as required by state law.

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