The Department administered a contract fee reduction for fiscal year 2013 pursuant to the Performance Based Fee
clause under contract number DE-AC02-76SF00515 between the Department and Stanford.
In addition to advising IATA on all legal matters, Eversheds will offer a tailored pricing model, with tiered blended rates for each region, an innovative performance based fee
element and project management provisions covering all 158 countries.
Tier One Capital is also among the first in the industry to offer clients the option of a performance based fee
for investment management.
The new performance based fee
underscores the team's ability to provide investors exposure to large cap stocks--the market's most efficient sector--through a fund which has historically demonstrated an ability to capture excess return as well," said Rich Gershen, Executive Managing Director, Business Management Strategy.
In addition, Parkway is eligible for a performance based fee
at the end of the fund's life that will be achieved after OPERS and Parkway have achieved an annual cumulative preferred return of 10%.
The project is fully funded by the Inter-American Development Bank (IDB) and includes performance based fees
, which will be paid only if contract targets are achieved.
Contrast that to TNP's performance based fees
where TNP would not be paid asset management fees until funds from operations of the company exceed certain thresholds.
Each Underlying Fund/Pool will pay management fees, brokerage commissions, operating expenses and performance based fees
to each manager it retains.