Performance fee data published by Fitz Partners this month indicates that the average performance fee rate charged by funds in Europe has reached 17 per cent. The firm says that although this represents only a slight increase from the 16 per cent figure in 2018, it is accompanied by significant changes in the way these fees are […]
European performance fee rate reaches 17% – Ignites Europe Read More »
Europe’s markets watchdog is pushing ahead with plans to limit the ability of funds with high-watermark performance fee structures to freely reset those fees after a short period of time. The European Securities and Markets Authority published its final guidance on performance fees for Ucits and some retail-focused alternative investment funds on Friday after an
Esma curbs high-watermark performance fees – Ignites Europe Read More »
Policymakers had been considering whether inducements for the provision of retail investment products should be banned across the EU, as they already are in the Netherlands and the UK. However, Esma has concluded that a complete ban on inducements could backfire as the distribution market in many EU member states is dominated by banks. view full article
Esma rejects EU-wide ban on inducements – Ignites Europe Read More »
…Esma’s approach is likely to mean that different rules will apply to Ucits funds with performance fees being sold into different European markets, experts say. Hugues Gillibert, chief executive officer of Fitz Partners, a specialist fee research firm, says: “The main issue is the creation of a regional or national hurdle to the free distribution
Ban on fund charge caps ruled out by Esma – Ignites Europe Read More »
Luxembourg’s financial watchdog is stepping up its scrutiny of performance fees, according to people with knowledge of the matter. The Commission de Surveillance du Secteur Financier is considering putting rules on structuring fund performance fees in place […] Last month the Central Bank of Ireland proposed converting existing guidance on the crystallisation of performance fees
Lux regulator steps up performance fee scrutiny – Ignites Europe Read More »