How successful is your money manager?
Friday, 7 March 2008
One of the biggest problems for investors is to understand how successful their investment managers are with their money.
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Background to the problem
There is increasing evidence that institutional pension fund managers’ fees are rising not falling. This is partly due to the increase in hedge funds and private equity of the fund management groups. In the retail market, there is a growth of multimanager funds, which have much higher margins paid for by investors. Higher fees means there is less chance of getting any outperformance.
Unfortunately, there is no clear regulation to limit fees other than competition. At present, retail fund managers have a strong interest in keeping margins high. Whilst these fund managers are entitled to their profits if they perform, the question is… are they actually performing? Are investors really getting their moneys worth?
Murray Round has carried out research to help investors know what questions to ask their fund managers, stockbrokers or IFAs.
Summary findings
- Performance statistics issued by fund managers does not measure success.
- Fund managers, stockbrokers and IFAs can do more to provide measurable performance data.
- It is up to investors to request this data as it will not be provided automatically.
- Murray Round is able to provide independent interpretation where appropriate.
Categories: Articles, Active Funds, Fees, Wealth Management
posted by Murray Round Wealth Management @ 22:55,
The Authors
Nicholas Round
Nic is the Managing Director of Murray Round Wealth Management Limited, who seeks to ensure the advice provided is truly independent. Based in Shropshire with clients local, national and worldwide, Nic has strived to find the best possible service for his clients needs, by researching and studying the market, trends and philosophies. Nic strongly believes Asset Class Management will bring his clients Financial Freedom, Independence and Happiness.
Kirsty
Kirsty is our communication guru. Managing information requires considerable due diligence and her passion for organisation gives the clarity we all seek. From Shropshire, with a Psychology Degree and much travelling, she is now back in Shrewsbury...and London often, keeping us all at Murray Round focused.
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