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Pierre-Yves Rahari

Calling for more humility in the industry ...

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Pierre-Yves Rahari

I just read article written by Tom Coutts, an investment manager with Baillie Gifford, who calls for more humility in the behaviour of the asset management industry, suggesting that the fees charged by asset managers should be aligned with the value [really] created for the investor (https://insight.bailliegifford.com/data/article/details/12242?article=riding-the-gravy-train).

 

Interestingly, AllianzGI follows in Tom Coutts footstep by announcing the roll out of their new pricing philosophy across all their fund ranges i.e. a fee model composed of a low fixed fee (20 to 30 bp) combined with a 20bp outperformance fee (https://www.igniteseurope.com/c/2205013/268733/allianzgi_rolls_pricing_philosophy_across_business?referrer_module=issueHeadline&module_order=1).

 

Humbling, isn't it?

 

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