News

Small funds 'forced out'

Monday 8th of December 2014

Norman Stacey, of Diversified Investment Strategies, said the fixed costs of a small fund have risen from about $40,000 per annum to closer to $120,000 over recent years. “Fund manager licensing will be another impost.”

He said, assuming that 0.5% went to fund management, the minimum viable size for a small fund had risen from about $8 million to $60 million.

Several small funds s...

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