Pension Funds Unhappy With Fund Of Funds Fees

Global pension funds are sorely disappointed with the fees they pay for actively-managed funds of funds, according to a new survey.

New findings from London-based bfinance indicate that a majority of pension schemes favor lower fees from their alternative managers. What’s more, they want discounts of between 10% and 30% without conceding to a one-, two- or three-year lock-up in exchange.