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Ts & Cs

The private funds industry is institutionalising, but the methods for calculating and reporting performance are still all over the place.
The fund has a 14-year life and 60% of the GP commitment will be put forward by the firm's parent.
Limited partners are acting to preserve their individual interests and make clear they do not represent the LPs collectively in a fund, a conference has heard.
The agency will start spending less time on new financial regulations, according to its chairman, Jay Clayton.
Two reports conclude transparency requirements are affecting the GP-LP dynamic and can be difficult to achieve.
Banks should only be prohibited from engaging in stand-alone, proprietary trading, according to the American Bankers Association.
The vehicle is closing on up to €6.7bn target on the back of a stapled deal with Lexington Partners over the summer.
The firm's 1999- and 2004-vintage funds are its best-performing, according to documents seen by Secondaries Investor.
Credit: AgnosticPreachersKid/Wikimedia Commons
The regulator issued a risk alert after finding consistent shortcomings in the way performance is advertised.
Regulation designed to draw clear lines of accountability within firms could mean a rethink of management structures or role definitions.

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