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Skin in the game: former Pie duo pour $6m into new fund

It's hard to understand funds management without a performance fee, Discovery Funds Management co-founder says.

Discovery Funds Management co-founders Mark Devcich, left, and Chris Bainbridge.

Two former Pie Funds portfolio managers have set up their own fund manager with just one fund they have invested “virtually our entire liquid net worth” in, which they argue leads to “perfect alignment” between investors’ interests and theirs.

Discovery Funds Management has been set up by

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Hamish McNicol Tue, 20 Sep 2022
Contact the Writer: Hmcnicol@nbr.co.nz
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Skin in the game: former Pie duo pour $6m into new fund
General Business,
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