Favourite offshore fund manager could buck trend on performance fees
Orbis would like revised charges to sync more closely with the periods that the funds beat the benchmark
12 November 2019 - 05:10
The investment industry around the world is moving away from charging fees based on performance, but one of SA’s favourite offshore fund managers is bucking the trend with plans to introduce a revised performance fee in the first quarter of next year.
Orbis, the offshore partner of Allan Gray, is seeking regulatory approval for the changes and hopes to implement them early next year, Tamryn Lamb, Allan Gray’s head of retail distribution, says...
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