Independent fund research company Fitz Partners has launched a fund board reporting service, enabling committees and fund directors to evaluate share classes on fees, asset size and performance.
Fitz Board Reports (FBR), which leverages Fitz' fee breakdown, share class and peer group construction data, has been launched in response to greater demand for "better fund governance and investment managers' requirements for value for money reviews", the firm said. Warning new MiFID II fund transaction cost methodology will 'mislead' investors as asset managers come under fire FBR is a first in Europe, with similar products available in the US, where regulatory requirements necessitate boards to undertake fund reviews of this kind. Fitz Partners' CEO Hugues Gillibert said the f...
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