The costs and benefits of performance fees in mutual funds

Performance fee-based contracts, which aim to align the interests of the fund manager with that of the investor, have been controversial in mutual funds markets, and are once again under review in Europe. This column presents empirical evidence showing that performance fee contracts do not improve fund performance, particularly in instances where contracts fail to specify a benchmark for results.

https://voxeu.org/article/costs-and-benefits-performance-fees-mutual-funds

Henri Servaes

VOX

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