GPIF fee structure aligns interests
The world’s largest investor restructured how it pays its active mandates to get more certainty from managers. Its actions, which were taken after self-reflection, will affect the entire sector.
Future Fund looks to slash external tech spend in cost-cutting drive
Australia's Future Fund is hoping to find tens of millions in cost savings by consolidating arrangements with external data and tech providers and putting a number of roles under review as it reconsiders resourcing in a volatile investment environment that it “expects to endure”.
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Fees kill alpha from hedge funds
Many hedge fund portfolios perform well before costs but fall into negative alpha after charges are levied, Canadian firm CEM Benchmarking's analysis of nearly 400 large investors has found.
Building a better fee model
Changes in standard funds-management fee structures are inevitable. Better alignment and fairness can be arranged if the stakeholders are willing to make it happen. Mercer presents some ideas.
Fees get another rethink
A new measure of the value a manager adds meets a proposed rate of compensation and protection for asset owners in the Thinking Ahead Institute’s plan for fairer performance fees.
AustralianSuper’s equities ride
The large size and penchant for active investment of the $120 billion AustralianSuper present both opportunities and challenges for its fund managers and inhouse equities team.
A strategy to believe in
Nevada’s public pension plan only pays 11 bps in total costs due to 80 per cent of the fund being indexed. But CIO Steve Edmundson says low fees are a byproduct, not the reason for the strategy.
Fees