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 »
Invesco has decided to cut fees on a range of UK-domiciled funds, as the firm assesses the value of the products under new rules. Charges at nine Invesco funds, with £4.4bn (€5bn) in combined assets, were reduced by an average of 0.13 per cent this month. view full article
Invesco cuts fees on UK range as board assesses value – Ignites Europe Read More »
The UK financial regulator has extended the deadline for annual fund value assessments by two months, to give managers leeway amid the Covid-19 crisis. The Financial Conduct Authority yesterday announced a “temporary relief to the regulatory deadlines for publishing funds’ half-yearly and annual reports and accounts” because of the “unparalleled challenges in preparing financial information”
FCA pushes back deadline for fund value assessments – 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 »
…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 »
Value is in the eye of the beholder, or so the saying goes. But in the world of asset management, the onus is now on providers, not the underlying clients, to prove their worth. view full article
When will asset managers play their cards on value? – Money Marketing Read More »
It should not be possible to block Luxembourg-domiciled funds from distribution in Germany when changes to regulation take effect in December despite a recent report stating the opposite, according to the Grand Duchy’s trade body for the assets industry. view full article
Alfi: Blocking Luxembourg funds in Germany “not possible” by law – Funds Europe Read More »
Differing requirements from national regulators in European countries are creating problems for funds with performance fees, new research from Fitz Partners shows. view full article
Diverse performance fee rules ‘worrying’ for firms: research – Ignites Europe Read More »
… Data from Fitz Partners, a specialist fees research firm, suggest that a large proportion of cross-border funds will have to change their performance fee structures if they want to gain or retain authorisation in Germany. view full article
New German performance fee rules ‘risk disrupting fund market’ – Ignites Europe Read More »
Fitz Partners VfM (Value for Money) Board Reporting has been shortlisted in the category “Best Compliance & Regulatory Solution” for the Investment Week Fund Services Awards. view full article
Revealed: Finalists for the 2018 Fund Services Awards – Investment Week Read More »