Are charges on actively managed funds too high?

Simon Armstrong, partner, Saltus At Saltus, we think it depends on what you get for your money.  If you are paying for a fund manager to beat a popular benchmark such as an equities index, then yes, in many instances (any) charges can seem excessive,  This is due to the fact that many long only equities funds fail to consistently produce alpha over and above the returns of their benchmark. Consider then the bigger, more efficient asset classes, such as sovereign bonds and developed equities; because the search for alpha can prove elusive for the masses, it has driven investors towards p...