CLIENT ALERT: Treasury Department Issues Proposed Regulations on Management Fee Waiver Arrangements

July 23, 2015 - The Treasury Department issued proposed regulations on July 22 that will directly affect management fee waivers currently employed by many investment funds. While the proposal does not prohibit management fee waivers, most current arrangements will not qualify, and even compliant arrangements will be carved out from the existing safe harbor for “profits interests”. Click here to read the full article.