News

Index submission criticised

Wednesday 9th of March 2016

The Financial Markets Authority has released an information sheet explaining how it expects fund managers to disclose performance-based fees to investors.

It wants it made clear that the absence of a high-water mark can mean investors pay twice for the same performance and for performance fees to be tied to an “appropriate” index.

David Ireland and Catriona Grover of Kensington Sw...

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