Finance & Accounting

Real estate opportunity funds sport higher fees than other property vehicles to justify the process of searching for high-return investments. Limited partners can use a variety of tools to ensure their GPs are earning those fees. By Aaron Lovell

Chinese authorities are monitoring the use of offshore special purpose vehicles, which have afforded many advantages to private equity investors in the region. By Albert McLelland and Jiannan Zhang

INDUSTRY FRONTLINE 2005-08-01 Staff Writer Alvarez & Marsal recruits Asian teamAlvarez & Marsal (A&M), the US-based turnaround and restructuring adviser, has launched Alvarez & Marsal Asia with an 80-strong team. The team has been recruited en masse from Hong Ko

A NEW SAFE HARBOUR RULE ISSUED THIS SUMMER HELPS GERMAN INVESTORS DETERMINE WHETHER OR NOT THE TAXMAN WILL PENALIZE INVESTMENTS IN FOREIGN PRIVATE EQUITY FUNDS

Energy Investors Funds launched in 1987 as the first private equity fund manager dedicated exclusively to the independent power and electric utility sectors. In December 2003, the group's management team bought itself out entirely from then-owner Dresdner Kleinwort Capital, making it the first time in its history that itwas not a captive firm. With offices in Boston, New York and San Francisco, Energy Investors Funds power investments are located worldwide, but have a clear US focus. This intersection of the expansive energy and private equity sectors, then, provides a daunting task for anyone charged with running the firm. But Mitchell Coddington, partner and chief financial officer at Energy Investors Funds, is up to the challenge. Having joined the firm in 1993 from commercial real estate investor Property Capital Associates, Coddington today heads up all treasury, financial reporting, account, tax and IT matters. As a member of the firm's Investment Committee, he is involved at some level in every investment Energy Investors Funds makes, while as part of the Executive Committee, he helps to manage all of the day-to-day operations of the organization including human resource issues, and to set short and long term goals for the organization.

For private equity firms, firing right is every bit as important as hiring right. But fail to swat up on local employment laws in France, Germany and the UK and your erstwhile employee could end up having the last a laugh. By Andy Thomson

INDUSTRY FRONT LINE 2005-07-01 Staff Writer <b>Denning promotes new COO and director</b><br />San Francisco-based private equity advisory firm Denning & Co has announced the promotions of Jill Kitazaki to chief operating officer and Lisa Herrell to director of the firm. Herrell has been

LONDON'S ISIS EQUITY PARTNERS, LED BY WOL KOLADE, IS NO LONGER A CAPTIVE OPERATION , A MOVE PROMPTED LESS BY A HUNGER FOR INDEPENDENCE THAN A PRAGMATIC VIEW ON INSURANCE ACCOUNTING RULES

NEW IRS RULES MEAN GPS WILL NEED TO FINE TUNE THE WAY THEY TREAT CARRIED INTEREST FOR TAX PURPOSES