performance fees

JO Hambro has no plans to use ‘fairer’ fee calculation in UK – Ignites Europe

… “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

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Performance fee rules across Europe lacking harmony – Investment Week

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

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AllianzGI holds onto performance fees – Ignites Europe

“Allianz Global Investors is sticking with its outperformance fee share classes in the UK, despite a lack of assets and rival firms rowing back on plans to offer performance-related fees…. …The outperformance fee model “continues to provide an alternative way for clients to access a selection of [Allianz’s] funds, alongside [a] traditional fixed fee model”,

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European performance fee rate reaches 17% – Ignites Europe

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

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Esma curbs high-watermark performance fees – Ignites Europe

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

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Ban on fund charge caps ruled out by Esma – Ignites Europe

…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

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Amundi leads industry push for performance fee share classes – Ignites Europe

Amundi is leading a group of European asset managers that are increasingly using share classes with performance fees in response to demand among wholesale clients for fairer pricing. This comes as chief executive officers at Aviva Investors and Allianz Global Investors have said more active managers should be charging for alpha and not beta. The

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‘Twin’ performance fee share classes across Europe offer a 22 per cent discount in management fees – Institutional Asset Manager

In its latest research, Fitz Partners has identified 22 promoters offering 167 sets of ‘Twin’ share classes domiciled either in Luxembourg, Ireland or the UK. In comparable research from September 2017, only 43 sets of “Twin” share classes were in existence. […] Overall, when comparing all the “Twin” share classes, Fitz Partners found that their

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