Schroders Plans Clean-Fee Structure For UK Funds

Oct 24 2011 | 10:29am ET

Schroders will launch a Z share class for its UK-domiciled funds, which will carry a management charge but no fees for platforms or adviser rebates

James Rainbow, head of UK marketing at Schroders, told Citywire the firm is “responding to demand with a clean-fee class.” The new policy will apply to all UK-domiciled funds with the exception of a few, mostly those that have been soft closed like the Schroder US Mid Cap fund run by Jenny Jones.

Z share charges will be roughly half those of existing share classes. The share class has been implemented for some funds already, and the firm expects to cover the entire UK range by November 8.

Rainbow told Citywire the new fee structure allows the funds to comply with certain platforms, such as Cofunds, which will have an unbundled price structure, while other platforms—like Skandia and Fidelity—can continue to use existing share classes.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.