The widely used AUM fee model only suits the interests of asset managers, writes Stephanie Baxter
Ensuring that investors' interests are aligned with those of their fund managers is challenging. At the heart of this is the well-known principal and agent conundrum in economic theory. This is whe...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date