Opinion
Asset owners’ next battle
Asset owners are winning the argument to lower private equity manager fees; their next battle will be about the valuation of private assets.
Frederic Blanc-BrudeJune 1, 2016
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
Asset Classes
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.
Sarah RundellApril 20, 2016
Fees
Alignment of interest
The mechanism for sharing risks via fees in the pension industry is weak, says Fiona Trafford-Walker. Asset-based fees don't reflect managers’ ability, and clients don't get enough of the benefit of scale.
Fiona Trafford-WalkerFebruary 10, 2016
FIS Chicago 2015
We don’t have to be friends
“I don’t have to like you, we don’t have to be friends,” says Chris Ailman, chief investment officer of CalSTRS.
Amanda WhiteDecember 11, 2015
Fees
Understanding the cost of investment management
Across the institutional investment community, disclosure and transparency of costs continues to be evolving, but not fast enough. A paper by Commonfund Institute reveals only 18 per cent of respondents in an endowment survey reported incentive and performance fees paid to asset managers despite the fact that nearly 85 per cent of respondents reported having […]
Amanda WhiteNovember 6, 2015