Fund board directors see fees shrink 16% as cost pressures bite – Financial News

Directors on the boards of some of Europe’s largest investment funds have seen their fees shrink, with those operating in Ireland and Luxembourg posting a 16% drop over the past year.

According to Fitz Partners, which specialises in fund fee analysis, directors on the fund boards of 170 investment firms with products domiciled in the two jurisdictions have seen their average fees decrease to €34,741.

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