Negative reaction to Milford collecting performance fees on negative returns
Milford can still charge a performance fee if its losses are less than the benchmark.
Tim Hunter Fri, 26 Jun 2015
Fund manager Milford Asset Management should never collect performance fees if its fund performance is negative, say NBR poll participants.
Although Milford has not changed its fee structures, it provided further information in an updated prospectus that revealed performance fees could sometimes
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