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Supreme Court Adopts ‘Gartenberg’ Standard for Deciding Whether Fund Fees Excessive

March 31, 2010 in Alternative Investment Law Report · Leave a Comment 

A unanimous U.S. Supreme Court concluded March 30 that “Gartenberg,” a 1982 appeals court decision, supplies the proper standard for determining whether investment advisory fees are excessive within the meaning of 1940 Investment Company Act Section 36(b) (Jones v. Harris Associates L.P., U.S., No. 08-586, 3/30/10).

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