News
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
Fitz Partners, the provider of proprietary fund fees and expense data for the European asset management industry that was recently acquired by RiskConcile, will present the award for European Asset Management
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
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
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
JPMorgan Asset Management is changing the way it charges operating expenses to its UK funds, which will cut costs for most share classes and bring the company in line with
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
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
According to exclusive data provided to Financial News by Fitz Partners, ESG bond funds in Europe generated $221m in revenue in 2024, representing a 2% increase on the previous year. View Article
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
Independent board members must look out for investors’ best interests. Independent directors must scrutinise the drivers and impacts of any proposals to raise fund fees, as increases in product charges
Reduction in non-executives ‘could create gap in expertise’, say experts. Asset managers have trimmed the number of independent directors on their fund boards as they wrestle with cost pressures, new
‘Wide mix’ of asset managers increased charges in 2024. More funds raised management fees than cut them last year as asset managers responded to growing pressure on margins, new research
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
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
Fees charged for beating benchmarks dropped last year as active funds failed to shine View Article here
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
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
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,
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