A UK asset management firm has introduced a new business model in which the active fund manager doesn’t get paid anything unless the fund outperforms the benchmark over designated time periods.
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“Does this somehow tie in with Brexit?” Robert Ruderschmidt, portfolio manager, Overflowing Alpha Asset Management |
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“I’m thankful every day that I left fund management for wealth management.” Louie Zheng, head of discretionary mandates, Global Behemoth Private Bank |
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“Please send more information so compliance has grounds to decline the request for comment.” Fanny Leung, corporate communications, Absolute Zero Risk Investment Management (AzRIM)
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“Good luck recruiting portfolio managers for that job, but I will say it makes a great sales pitch to our fund distribution partners.” Laszlo Egri, head of global distribution, Shoot the Lights Out Asset Management |
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“Not suitable for us. Our strategies are benchmark agnostic, which gives great value to our investors and gives us a lot of room for spin control if our funds underperform a specific index.” Pollyanna Sim, head of marketing in APAC, StraightTalk Fund Management Group |
