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

Why small is beautiful at Illinois’ IMRF

The $42 billion Illinois Municipal Retirement Fund is dedicated to investing in emerging managers with a commitment of 22 per cent of its total portfolio. The relationship with minority and women-owned managers is mutually beneficial. Sarah Rundell talks to head of the IMRF emerging managers program and the co-chief investment officer of equities at one of its managers, Piedmont.

Sarah Rundell

May 20, 2019

Oregon makes fees work

The $77. 3 billion Oregon Public Employee Retirement Fund has continued to achieve top decile returns at the same time as de-risking and reconstituting half its giant portfolio.

Sarah Rundell

April 22, 2019

Does it pay to pay performance fees?

A new study finds no statistical evidence that returns of pension funds that pay performance fees for active investing are significantly higher or lower than the returns of pension funds that don't.

Dirk Broeders, David Rijsbergen and Arco van Oord

March 12, 2019

Dutch trio launches PE co-investment

The Netherlands’ Achmea Investment Management, Blue Sky Group and SPF Beheer have teamed up on a joint investment platform designed to lower fees and expand opportunities in private equity. Jos van Gisbergen, senior portfolio manager for private equity at Achmea, explains how it works.

Sarah Rundell

January 31, 2019

2018 CIO sentiment survey

The annual Chief Investment Officer Sentiment Survey, conducted by conexust1f.flywheelstaging.com and Casey Quirk, a practice of Deloitte Consulting, has revealed a global asset owner community that is less tolerant of risk and more interested in negotiating fees.

Amanda White

January 31, 2019

Strong partnerships and brown M&M’s

In the debut of this new regular series, we examine the relationships that evolved as Textron’s pension fund and Palisade Capital Management developed a new bespoke investment strategy.

Sarah Rundell

January 25, 2019

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