- Q -
A portfolio for which you have the legal authority to buy
and sell securities, futures, or other assets on behalf of the
owners, with or without further approval from the owners.
A management fee is typically a charge for the allocation
decisions of the portfolio manager. This charge is a
percentage of the AUM (assets under management). The
percentage is an annual rate, translated into a monthly rate
for the accrual calculation. Although usually a management fee
contract relates to only one rate, a management fee contracts
can involve layers; a different rate is applied according to
the band of AUM identified in the contract (a progressive rate
The formal terms of reference for a portfolio manager or a
management company. It can include return guidelines and
Webfolio’s mapping function, which allows you to disguise
or make anonymous some or most of the original data:
Names (of the portfolio, the accounts, the securities and the
Evaluating the price or value of a security, portfolio, or
account, to calculate profits and losses or
to confirm that margin requirements are being met.
arrangement of portfolios, typically on off-shore and one
on-shore (the feeders) and a third portfolio (the master)
that does the actual investments and generates the returns.
It enables US citizens to participate in off-shore
investment vehicles while remaining within tax legislation
for on-shore funds.
The modified Dietz method
overcomes the need to know the valuation of the portfolio on
the date of each cash flow by assuming a constant rate of
return during the period. Each cash flow is weighted by the
amount of time it is held in the portfolio.
The modified Dietz method assumes that net contributions are
invested at the end of the respective day they occur. See Dietz and
Time weighted return.
Morgan Stanley Capital International Inc., a leading provider
of equity (international and US), fixed income, and hedge fund
Top of the page