management fees

Tough 12 months

Inherited from SWIP acquisition

Investors under £50k asked to leave

Garrett-Cox to step down from board

New range to complement existing active products

A study by Henderson Global Investors has found the majority of investors supported performance fees on funds, despite an industry-wide trend for scrapping them.

Guinness Asset Management is to close the 'Z" share class on its Global Equity Income fund to new investment as of the end of April.

Consensus on disclosure still a way off

The board of the Pacific Assets trust, managed by First State's Asia team, will scrap its performance fee, following the lead of a number of other vehicles in the closed-ended space.

Asset managers deserve to be paid up to a third of the alpha they generate, Towers Watson's EMEA head of investment has suggested.