European performance fee rate reaches 17% – Ignites Europe

Performance fee data published by Fitz Partners this month indicates that the average performance fee rate charged by funds in Europe has reached 17 per cent.

The firm says that although this represents only a slight increase from the 16 per cent figure in 2018, it is accompanied by significant changes in the way these fees are calculated and paid.

According to Hugues Gillibert, chief executive officer at Fitz, “performance fees seem to have levelled off across Europe at 17 per cent overall, [but] we are seeing substantial changes in the elements of the performance fee structures that are governing their workings and, in turn, their impact on costs to investors

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