Identify the ethical concerns posed by Dixon’s actions and conduct.

Mason Dixon, CFA, a portfolio manager with Langhorne Advisors (Langhorne), has just completed the request for proposal (RFP) for the Academe Foundation’s (the Foundation) \($20\) million fixed-income mandate. In the performance section of the RFP, Dixon indicated that Langhorne Advisors is a member firm of CFA Institute and has prepared and presented this performance report in compliance with the Global Investment Performance Standards (the GIPS® standards). The performance report presented Langhorne’s fixed-income composite returns on the actual net-of fees basis and benchmark returns net of Langhorne’s highest scheduled fee (1.00% on the first \($5\) million; 0.60% thereafter). The report also indicated that as of the most recent quarter, the composite comprised 10 portfolios totaling \($600\) million of assets under management (AUM).
Upon returning the completed RFP, Dixon thanked the Foundation’s chief investment officer, who is also a charterholder, for considering Langhorne. Dixon also indicated that regardless of the outcome of the manager search, he would like to have the CIO and the Foundation’s president join him on Langhorne’s corporate jet to spend a day at an exclusive California golf club where the firm maintains a corporate membership.