Robust Asian demand for absolute return strategies is translating into a wider acceptance of performance fee models in discretionary mandates from independent asset managers (IAMs) who use actively managed certificates (AMCs). This is an intriguing development for an investment management industry that faces fee compression, driven largely by lower returns (and return expectations) and low-cost substitutes like ETFs. In sharp…
AMC-based DPM solutions create market for performance fees
19 June 2018

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