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BlackRock, the largest asset manager by total AUM globally, reported a 14.1% YoY drop in AUM during Q4 of 2022, driven by a 17% YoY decline in Equity AUM
The Department for Work and Pensions (DWP) has confirmed schemes in scope will be able to apply the exemption to exclude specified performance-based fees from charge cap calculations from 6 April 2023.
The board of Chrysalis and Jupiter have agreed to reduce its performance fee from 20% to 12.5%, subject to shareholder approval.
They say Kenya artistes are charged to perform in other countries.
In this Q&A session, Sean Peche of Ranmore Funds answers questions regarding the heated performance fee debate.