The vast majority of managers of funds with performance fees have a potentially substantial upside if they perform well, but do not suffer an equivalent downside for under-performance, according to new research by Fitzrovia International, the London-based fund research company.
The report analysing performance fees on nearly 1,500 open-ended funds globally also states that additional annual fee revenue from performance fees totals US$ 3.6bn. The basic concept of inve...
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