Milford revamps performance fees
Change follows criticism of old "high water mark" allowing fees for recovering losses
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Fund manager Milford Asset Management has overhauled its performance fee charges after criticism they could reward the firm for poor performance.
A new prospectus filed on September 1 shows several fee changes, including a revamp of “high water marks” generally used to prevent firms earning
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Tim Hunter
Thu, 03 Sep 2015
Thu, 03 Sep 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Milford revamps performance fees
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