Management
Fund Management Resources
- July 24, 2017
- Posted by: Vincent Sarullo
- Category: Management, Marketing
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Fund Management Resources What media sources do fund managers rely upon? We polled our fund managers and asked them to tell us the media resources they rely upon. With all the vast resources–from niche to major publications–our fund managers shared their top choices with us. We thank our fund managers for sharing their choices with
Hedge Fund Managers are Switching to Tower
- May 31, 2017
- Posted by: Vincent Sarullo
- Category: Fund Administration, Hedge Funds, Management, New Funds, Switching to Tower
Hedge Fund Managers are Switching to Tower Switching to a new hedge fund administrator is easier than you think. At Tower Fund Services, of the monthly total of 3-5 new clients, an average of 1/3 are hedge fund managers of existing funds switching to us from another administrator. The other 2/3’s are hedge fund managers launching new funds.
Tower Fund Services Explains: Management Fees
- May 19, 2017
- Posted by: Vincent Sarullo
- Category: Fees, Hedge Funds, Management, New Funds, Private Equity / Venture Capital
It has been an unofficial standard or expectation that hedge funds charge a 2% per annum management fee. Managers like to look at their management fees and performance fees as related fees that are dependent upon each other. There should not be any correlation between the two fees. The management fee should be what you
All In The Family: Single and Multi-Family Office(s)
- December 14, 2016
- Posted by: Vincent Sarullo
- Category: Careers, Family Office, Fund Administration, Management, Marketing, New Funds, Productivity, Raising Capital
Family Office Wealthy families set up private offices (Single or Multi-Family Office) to manage their personal affairs, including paying their personal bills, property management, travel arrangements, and most significantly, their investments. As an emerging manager, it is possible to find yourself involved in negotiating private jet contracts, art and antique purchases and sales at Sotheby’s and
How is Carried Interest or a Performance Fee or an Incentive Fee Earned?
- December 1, 2016
- Posted by: Vincent Sarullo
- Category: Direct Lending, Fees, Fund of Funds, Hedge Funds, Management, Private Equity / Venture Capital, Real Estate, SMA, Tax Liens
A fund manager is incented to generate profits for his investors by getting a share of those profits as a carried interest. Other common terms are performance allocation, incentive fee, profit share, profit participation, or performance. Whichever technical term you want to use, it’s the fund manager’s bonus for doing a good job. Many times
What To Know About Investor Subscriptions
- November 16, 2016
- Posted by: Vincent Sarullo
- Category: Direct Lending, Fund Administration, Fund of Funds, Hedge Funds, Management, New Funds, Private Equity / Venture Capital, Real Estate, Tax Liens
You’re the coach, and the investors are your players. You’re in the middle of a play, and your newest player wants in! What do you do? Stop the play and sub him in, or do you wait until the play is complete, or even until the next quarter? It is tough call to make, especially
5 Key Considerations in Developing Your Hedge Fund Business Plan
- November 9, 2016
- Posted by: Vincent Sarullo
- Category: Careers, Direct Lending, Fund Administration, Fund of Funds, Hedge Funds, Management, New Funds, Private Equity / Venture Capital, Productivity, Real Estate, Tax Liens
If you want life to be organized and run as smooth as possible, it is a known fact that planning is essential. Any type of structure requires a solid plan and an end goal. The same applies to your fund. Although you may not see it this way, your fund is your business. Having a
The E-myth for Hedge Fund Managers
- February 11, 2016
- Posted by: Kinjal Amin
- Category: Direct Lending, Fund Administration, Fund of Funds, Hedge Funds, Management, New Funds, Private Equity / Venture Capital, Real Estate, Tax Liens
The E-Myth or Entrepreneurial Myth, the best-selling book series written by Michael E. Gerber, states that most new businesses are started by technicians who enjoy (or are successful with) hands-on work themselves rather than entrepreneurs who aim to build a strong self-sustaining business. As a fund administration firm, focused on small to mid-sized hedge funds, Tower Fund Services thinks that investment managers starting out can learn a lot from this book.
Personal Time Off – What’s that?
- January 7, 2016
- Posted by: Vincent Sarullo
- Category: Management, Productivity
Tracking family vacations, kids to doctor’s appointments, sick days, etc. just didn’t make sense to us or feel right.
10 Takeaways for the Emerging Manager 2015 Alternative Asset Summit
- November 10, 2015
- Posted by: Vincent Sarullo
- Category: Fund of Funds, Hedge Funds, Management, New Funds, Private Equity / Venture Capital, Raising Capital, Real Estate, Tax Liens
Tower Fund Services was a sponsor of the Alternative Asset Summit on October 27th – 30th 2015 at the Wynn, Las Vegas. Our Co-founder, Vincent Sarullo moderated a great panel: “Emerging Managers: Strategy Overviews and Thoughts On Launch to 100 Million” with a terrific panel consisting of Breanne Eshelman from PAAMCO, Ari Glass from Booth
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