Become a member and subscribe Login

Alignment of interest

Fiona Trafford-Walker

February 10, 2016

The mechanism for sharing risks via fees in the pe
Continue Reading

Access the full content on Top1000funds.com

Join the global institutional investment platform read by the world's largest asset owners, fund managers and consultants.

New here

Create an account

Complimentary to register. We'll verify your details and grant access to the archive, our newsletters and the Asset Owner Directory (enhanced features coming soon).
Create your Top1000funds.com subscription account
Already a member

Sign in

Already activated your account? Sign in to continue reading and access your saved articles, preferences and member-only content.
Asset owners get permanent complimentary access. Learn more about memberships

, , , , , , ,

One response to “Alignment of interest”

  1. Jet26

    Whilst it maybe easy to point the finger at the “greedy” fund managers, a large part of the reality is that the consultants’ own clients are resistant to adopting more aligned fee structures. Much of this would seem to boil down to the administration difficulties in dealing with anything other than asset based fees as well as a reluctance to pay mangers higher fees when their performance is high.

Leave a Comment

More from this fund

CalPERS active equity rebuild delivers highest alpha in three decades

Darcy Song

September 11, 2026

European investors reject debt crisis narrative as higher bond yields trigger fixed income shift

Sarah Rundell

September 10, 2026

ART property boss: Investors were wrong to think real estate was easy

Darcy Song

September 10, 2026

US endowment returns rocket on SpaceX windfall

Darcy Song

September 08, 2026

Future Fund looks to slash external tech spend in cost-cutting drive

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”.

Lachlan Maddock

April 15, 2026

Sweden’s FTN focuses on fees and returns in latest procurement

Sarah Rundell

March 05, 2026

Solid foundations allow Canadian funds to innovate and grow

Simon Hoyle

June 11, 2024

Behind CalSTRS’ cost savings: Better returns and control of risks

Amanda White

December 11, 2023

Penn PSERS trims leverage, adds fixed income and hones in on fees

Sarah Rundell

September 12, 2023

Sort content by

Real investors properly align interests

A good investor must be proactive in determining the fee structure and legal terms in a fund’s documents. Funds that fail to get interests properly aligned on such issues will pay a price.

Bruce Cundick

May 11, 2017

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.

Amanda White

March 07, 2017

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.

Amanda White

February 10, 2017

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

Sarah Rundell

November 18, 2016

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?

Amanda White

June 10, 2016

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.

Nick Sykes

May 20, 2016

Previous
Load more

Fiduciary Investors Podcast Series

Listen to Podcast

Subscribe now to

Become a member and subscribe

Join Now

Top1000funds.com is the market leading news and analysis site for the world’s largest institutional investors. It focuses on leading the global investment industry to continuous improvement through case studies of best practice in governance and decision making, portfolio construction and efficient portfolio management, fees and costs, and sustainable investing.

The publication pushes the industry to question whether status quo processes and behaviours to tackle risks and opportunities will be sufficient in the future, and actively campaigns for diversity, sustainability, transparency, innovation and better alignment of fees in the investment industry.

Top1000funds.com is read by investment professionals in more than 40 countries.

Privacy Policy | Terms of Service | Cookie Policy | AI Editorial Policy