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Articles Posted in Qualified Client

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Performance-Based Fee Threshold Increase Sought by SEC in Proposed Order

Yesterday the Securities and Exchange Commission published a notice of intent to issue an order that would increase the performance fee threshold, i.e., the definition of “qualified client” under Adviser’s Act Rule 205-3, to $2.0 Million from $1.5 Million (under the client net worth test), and to $1.5 Million from…

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