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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
4 mins to read

Some fund managers using wrong benchmarks for performance fees: FMA

FMA says fund's market index not supposed to be easy to match or beat.

Some fund managers are not using appropriate benchmarks when determining what performance fees they charge, typically using a cash-based market index for equity funds, the Financial Markets Authority says.

And the pilot study has also highlighted “substantial” commission payments being made

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Hamish McNicol Wed, 18 May 2022
Contact the Writer: Hmcnicol@nbr.co.nz
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Some fund managers using wrong benchmarks for performance fees: FMA
General Business,
94071
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