Time to make value judgements
Keith Ambachtsheer says net value added for members, not absolute cost, is the way to evaluate funds, and points to a report from Australia’s Productivity Commission as a sensible blueprint.
Sweden’s FTN focuses on fees and returns in latest procurement
Lower management fees and higher returns defined the latest selection process at the Swedish Fund Selection Agency in its latest awarding of active global equity mandates to 12 managers, its largest and most ambitious €20 billion ($23 billion) procurement so far.
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Asset owners zero in on managers’ fees
Funds will look to pressure fund managers to put more skin in the game with fee structures as they try to control costs and expectations in a low-return world, our third annual CIO survey finds.
ILPA template adoption rate grows
ILPAs private equity fee template has gathered momentum, with some funds like New York State Common Fund making fee disclosure via the template a condition of investment in all new PE investments
Constant improvement a core value at AP2
The total investment costs of AP2 are only 17 basis points, yet the portfolio is described by chief executive, Eva Halvarsson as complex and advanced. So how do they do it?
Not all fees are created equal
Could investment management fees be different? Nick Sykes at Mercer, suggests that an alternative fee structure that focuses on “idiosyncratic alpha” could benefit asset owners and managers.
Investor pressure on fees
Recent institutional investor pressure is changing the nature of private equity transparency and reporting of fees. An in-depth analysis of the changes.
Investor Profile