News

Performance fees still need work: Morningstar

Wednesday 19th of July 2017

He said there were a number of absolute returns-style managers who structured their performance fees so they were rewarded on a cash-rate-plus basis.

That meant finds could ride equity markets up, and perform barely above the index, and still charge performance fees of up to 5%, he said.

Some managers would have a higher rating on Morningstar’...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.