… “Laura Guthrie, director of research at Fitz Partners, a specialist fee research firm, says “a number of fund ranges” have been updating their performance fee methodologies following the publication of the European Securities and Markets Watchdog’s guidelines.” view full article
JO Hambro has no plans to use ‘fairer’ fee calculation in UK – Ignites Europe Read More »
Around 52% of performance fee structures already adhere to ESMA performance fee recommendations, ahead of the restrictions that will come fully into force all over Europe in the coming year. Although all funds are not yet fully compliant with these guidelines, …[Fitz Partners]… research shows that many funds have seen their performance fee structures changed
Performance fee rules across Europe lacking harmony – Investment Week Read More »
Europe’s markets watchdog is stepping up its efforts to stop funds charging excessive fees to investors by putting pressure on national regulators to increase their supervision of management companies. The European Securities and Markets Authority yesterday published a report on costs in Ucits and alternative investment funds as part of its push to enforce convergence
Esma ups pressure on regulators to tackle excessive fund fees – Ignites Europe Read More »
Baillie Gifford has no plans to adopt performance-related fees for its funds, despite a senior executive at the firm recently advocating that asset managers should use the charging model to be fairer to investors. The decision comes as more firms grapple with the competing challenges of demonstrating value for money at the same time as
Baillie Gifford rejects using performance fees – Ignites Europe Read More »
Allianz Global Investors is weighing the merits of offering loyalty discounts to fund investors as asset managers adopt increasingly innovative fee structures in a competitive marketplace. Loyalty discounts are not understood to be currently used by any European funds and setting them up would face significant challenges, experts say. view full article
AllianzGI explores discounts for loyal fund investors – 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 »
Allianz Global Investors has announced plans to introduce a new ‘outperformance’ fee model on a number of its funds, which it said is in response to the rise of passive vehicles. view full article