Fees charged for beating benchmarks dropped last year as active funds failed to shine View Article here
Performance fees slump as fund managers struggle to deliver – Financial News Read More »
Hugues Gillibert, chief executive of Fitz Partners, which provides fee analysis to fund boards, does not think governance has been undervalued so far, but says complacency could change this. He says resources allocated to some of the functions related to fund governance have been “under review in the UK for the last year or so” as firms
Cost-cutting risks robust fund governance, expert says – Ignites Europe Read More »
Average annual ongoing charges of money market Ucits funds rose from 0.1 per cent in 2021 to 0.16 per cent in 2023, according to data in the European Fund and Asset Management Association’s Factbook 2024. The funds’ charges had previously fallen from 0.17 per cent, the data shows. Hugues Gillibert, chief executive officer of Fitz
Money market fund fees rise as subsidies decline – Ignites Europe Read More »
About half of international asset managers offer these “dedicated” types of share classes that give more discretion on fee levels, accounting for around 10 per cent of cross-border funds’ classes, according to data from Fitz Partners. Share classes that offer discretion around fee levels or eligibility provide firms with “flexibility” when signing up new institutional
Firms shake up discretionary share classes – Ignites Europe Read More »
However, Hugues Gillibert, CEO of Fitz, says the figures “show the limitation of any global pan-European cost benchmarks” as the high-level comparison… View Article Here
Cost benchmarks could spell ‘race to the bottom’, says Mediolanum chief – Ignites Europe Read More »
Profit margins fell 27 percent last year, according to an analysis of 1,350 products in Luxembourg, Ireland, and the UK by specialist fee research firm Fitz Partners… View Article Here
What fund directors need to know – Ignites Europe Read More »
Mixed asset funds are delivering the highest net profit margins for asset managers, while equity and bonds funds see a decline. Fitz Partners research showed a decline in asset managers’ margins from gross management fees charged to equity and bond funds in 2023. The firm’s ‘Investment advisory fee benchmarking …. View Article Here
Mixed asset funds deliver highest margins for fund managers – Funds Europe Read More »
Firms’ efforts to preserve fees paid to portfolio managers have led to larger cuts in their profit margins, new research suggests. Management fees for 1,350 funds in Luxembourg, Ireland and the UK fell 18 per cent on average last year, specialist fee research firm Fitz Partners finds. View Article Here
Fund profits squeezed as firms preserve front-office spend – Ignites Europe Read More »
In March 2018, in this paper, under the title “Regulatory Convergence towards Efficient Fund Governance”, I wrote that “Retaining and focussing on fund products that are delivering value is an appealing proposition for investors and a long term winning strategy for asset managers. View Article Here
Fund Value Regulations: The business critical proposition for Asset Managers – AGEFI Read More »
Last year’s modest revenue growth from ESG funds failed to match the hefty increases of former years. Asset managers have taken a hit from the growing backlash to ESG investing, as fees stall across the industry. The year-on-year increase in fees generated by green investments is at its lowest since the sustainable boom kicked off during
ESG fees stall as managers battle sustainable fund slowdown – Financial News Read More »