Whether the post of senior manager of private equity fund can work part-time has always been a hot topic of discussion. Due to the diversity of senior positions of private fund managers, the following conditions have become the key factors to judge whether private fund managers and senior managers should sign labor contracts:
The working relationship established between senior managers and fund managers should be true, legal and effective, and meet the post requirements.
Different working relationship arrangements should not harm the interests of fund managers, especially investors.
When the interests of investors or fund managers suffer losses due to the reasons of senior managers, investors or fund managers can effectively prevent and investigate their responsibilities, and should not be hindered by improper arrangement of working relations, or the compensation standard finally obtained is lower than that of normal labor contract relations.
The association can effectively supervise and punish the arrangement of senior executives' working relationship and acts that harm the interests of investors or violate the supervision rules of fund industry associations. It will not lead to difficulties in supervision and accountability due to improper arrangement of working relationship.
If the above points are met, then the labor contract must be maintained.