Date: 5th October 2016
Author:
Type: In the news
The European Federation of Financial Services Users calls on the Members of the European Parliament to put an end to performance fees of investment funds being only a one-way street, benefitting only providers and to the detriment of retail investors. It is fine to link fund managers’ commissions to performance, but to be fair with investors, it should work both ways: not only when the manager outperforms, but also when he underperforms his own target.
Read EuroFinUse position paper here