Negative reaction to Milford collecting performance fees on negative returns
Milford can still charge a performance fee if its losses are less than the benchmark.
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Fund manager Milford Asset Management should never collect performance fees if its fund performance is negative, say NBR poll participants.
Although Milford has not changed its fee structures, it provided further information in an updated prospectus that revealed performance fees could sometimes
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Tim Hunter
Fri, 26 Jun 2015
Fri, 26 Jun 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Negative reaction to Milford collecting performance fees on negative returns
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