manager charges should be specific to a particular investment strategy with a distinction of how much it costs to run that strategy divided across the client base

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Size and scalability up, fees down

The world’s largest asset managers should be using the advantages of their size and scalability to adjust their fee structures, according to Craig Baker, the global head of manager research at Towers Watson, which just released this year’s Pensions & Investments/Towers Watson World 500. “The advantage of large managers is [that] they could structure their