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5 Steps to Automate Deal Expense Allocations

5 Steps to Automate Deal Expense Allocations

Amid a global recession, expense allocation, and its effect on P&L, is more important than ever. Unfortunately, allocating expenses remains an intricate, time-consuming process, whose mistakes often carry an SEC penalty. For private equity, who must factor deals...

SEC Expense Allocation Actions of 2018

SEC Expense Allocation Actions of 2018

Despite consistent warnings from the Securities and Exchange Commission since 2012, alternative investment advisors continue to misallocate expenses in violation of their fund agreements and the Advisors Act of 1940. Last year the commission publicly settled four...

SEC Risk Alert: Expense Allocation

SEC Risk Alert: Expense Allocation

The SEC issued a Risk Alert identifying expense misallocation as one of the most widespread compliance problems facing private equity and hedge fund managers. The SEC’s objective in issuing the Risk Alert was “to encourage advisors to assess their [practices] to...