Peche drops nuclear bomb on SA Performance Fee rip-off, names Allan Gray, Coronation, Ninety-One.
Автор: BizNewsTv
Загружено: 2022-08-24
Просмотров: 89875
After his recent expose’ on the massively underperforming, but big fee charging Balanced Fund unit trusts, Ranmore Funds founder Sean Peche has taken his attack on money management ripoffs to a new level. The highly qualified asset management insider (CA, CFA) describes results of a lengthy and thorough investigation into unit trust Fact Sheets and in particular the Performance Fees charged in SA, as a “Nuclear Bomb” compared with his Balanced Funds “Scud Missile”. He notes that Performance Fees on retail funds are a uniquely South African feature, having been abandoned elswhere by competition and regulator action. Peche took BizNews.com's Alec Hogg through a presentation where he lays out the shocking results uncovered by his research. It shows, inter alia, that SA’s Big Three asset managers – Allan Gray, Coronation and Ninety One – are generating billions in unwarranted fees through applying self-serving self benchmarks to deliver huge “Performance Fees” - in some instances even when they have been losing money for investors.
Доступные форматы для скачивания:
Скачать видео mp4
-
Информация по загрузке:
