Thursday, 5 March 2015
Last updated 45 min ago
Jun 2 2011 | 1:37pm ET
Amundi Asset Management will cut fees on its hedge fund products.
The French firm said it was reviewing the fee structure of its €14 billion in absolute-return products, the value at risk range of funds, Reuters reports. Those funds currently charge a 30% performance fee with a hurdle, as well as management fees of between 0.3% and 1.1%.
"We're currently rethinking the repricing of all our absolute return products," Laurent Crosnier, CEO of Amundi London, said yesterday. "We are looking at the market and where the competition is and where the current pricing is."
"We will come to the market soon with competitive pricing," he promised.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…