Corey Hoffstein 🏴☠️
@choffstein
CEO & CIO, Newfound Research | 🥞 Return Stacked® ETFs | 🌊 Liquidity Cascades | 📆 Rebalance Timing Luck | ⚡️ Risk cannot be destroyed, only transformed.
Joined October 2009
1.2K Following 86.2K Followers
Well, I definitely wasn't expecting this proposal.
Performance fees coming to a mutual fund or ETF near you?
SEC has issued a proposal that would allow OE funds/etfs to levy perf-based fees in a fashion akin to how HFs/private funds do it (ie, up to 20% of gains). Currently, funds can only levy perf fees using fulcrum-fee structure. This would liberalize that.
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