Author name: fpadmin

Hugues Gillibert, chief executive of Fitz Partners, a specialist fee research firm, said some asset managers had faced “issues” when assessing tiered charging structures, which automatically reduced management fees as assets rose. This challenge was particularly felt by companies with a global operating model where funds’ resources were shared across the firm, which might benefit […]

Hugues Gillibert, chief executive of Fitz Partners, said directors evaluating a fee waiver should assess its rationale, as well as its scale and duration. The size of the fee waiver must be worth the flows it might attract, Gillibert said, adding that directors should also question if the potential gains in assets would remain when

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

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

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

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

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  

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