FMA looks into performance fees
Fund managers using "high-risk features" to charge customers.
Mackenzie Smith
Wed, 11 Jul 2018
The Financial Markets Authority, which yesterday published the findings of a review of quarterly fund updates, says performance fees charged by fund managers are raising concerns
It reviewed 45 managers with the Managed Investment Scheme and found in 17% of cases, charges were "significantly
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Mackenzie Smith
Wed, 11 Jul 2018
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