Milford revamps performance fees
Change follows criticism of old "high water mark" allowing fees for recovering losses
Fund manager Milford Asset Management has overhauled its performance fee charges after criticism they could reward the firm for poor performance.
A new prospectus filed on September 1 shows several fee changes, including a revamp of “high water marks” generally used to prevent firms earning
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Tim Hunter
Thu, 03 Sep 2015
Thu, 03 Sep 2015
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Milford revamps performance fees
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