The idea of performance fee in mutual funds is to align managers’ interest with investors.If the new performance fee is in place, there is always a possibility of fund manager taking excessive risk
BlackRock, the largest asset manager by total AUM globally, reported a 14.1% YoY drop in AUM during Q4 of 2022, driven by a 17% YoY decline in Equity AUM
The Department for Work and Pensions (DWP) has confirmed schemes in scope will be able to apply the exemption to exclude specified performance-based fees from charge cap calculations from 6 April 2023.