Author name: fpadmin

Boards of UK authorised fund managers are sticking with their value assessment processes, despite the local financial watchdog relaxing disclosure requirements in an effort to help reduce costs. The Financial Conduct Authority stripped back its reporting requirements for assessments of value last month, removing the need for asset managers to publish detailed information on their […]

Third-party management companies have been accused of cutting their charges to “unsustainable levels” and potentially “skimping” on their regulatory responsibilities as a result. Hugues Gillibert, CEO of Fitz Partners, which researches fees in the asset management industry, agreed, saying both mancos and asset managers were increasingly price sensitive. Gillibert added that low fees would cover manco

Cost pressure on third-party management companies has reached “unsustainable levels” and could compromise regulatory oversight, experts have said. External management companies generally oversee funds run by smaller investment managers that have outsourced different functions to reduce their operating costs and to enable them to focus on portfolio management. Competition between third-party mancos to attract asset

Two companies plan to combine fund data, regulatory reporting and risk calculations. Belgian financial technology company RiskConcile has acquired London-based specialist fund fee research firm Fitz Partners. The Leuven-headquartered provider of regulatory reporting and risk calculations is backed by private equity firm Main Capital Partners, which focuses on software investments. Fitz will continue as a

Closures and consolidations drive fears of concentration risk and job losses. A wave of asset managers in Luxembourg are closing down “expensive” fund management companies, sparking concerns of concentration risk among third-party service providers and a loss of employment opportunities for fund professionals. A number of firms have closed down internal mancos and transferred the

The UK regulator’s plans for “paring back” the level of detailed information authorised fund managers must include in their annual value assessment reports have divided opinion. Asset managers have welcomed the proposals, released earlier this month, to publish only a summary and conclusions in reports, which they say would “reduce unnecessary burdens”. Data from Fitz

Boards making progress in tacking ‘natural conflict’ in charging structure. Fund board directors say there is “room for improvement” when disclosing performance fees to investors, despite increased oversight of the practice. Regulators in both Luxembourg and Ireland have tightened governance over funds’ performance-related fees in recent years as questionable structures continue to garner attention. View