SPOTLIGHT: REGULATION

Key SEC cybersecurity policy advisor to leave

Christopher Hetner, a senior advisor to the agency’s chairman, has worked to strengthen cyber incident response planning and threat intelligence capabilities.

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How to model front-loaded preferred return in American-style waterfalls

The model, which effectively marries a European-style preferred return concept with an American-style return of capital calculation, can serve to ensure equitable compensation of both LPs and GPs, writes Timothy Eberle of Citco Fund Services.

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