alignment of interest

Organisational Design

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.

Amanda WhiteJune 25, 2018

Opinion

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.

Nick Sykes and Rich DellMarch 9, 2018

Sustainability

CPPIB focuses managers on long term

The C$337 billion CPPIB works towards a full understanding of its external managers’ strategies. These efforts, plus a customised fee structure, ensure a focus on long horizons.

Amanda WhiteFebruary 14, 2018

Opinion

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.

Tim HodgsonOctober 18, 2017

Organisational Design

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 CundickMay 11, 2017

Opinion

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 SykesMay 20, 2016

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Organisational Design

GPIF fee structure aligns interests

Opinion

Building a better fee model

Sustainability

CPPIB focuses managers on long term

Opinion

Fees get another rethink

Organisational Design

Real investors properly align interests

Opinion

Not all fees are created equal

California Public Employees Retirement System (CalPERS)

ABP/APG Asset Management

California State Teachers Retirement System (CalSTRS)

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