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Fees on funds of funds, of course, can vary.
In addition, fund managers tend to increase the fees on funds that benefit from stale performance numbers dropping from view, thus penalising both existing and new clients".The study paints a picture that's not very pretty," concludes Raghavendra Rau, one of the report's authors.
Intent on moving Schwab upmarket, the former wrestler raised fees on funds offered via the OneSource supermarket and whacked 35% of the staff.
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3. 12b-1 Fees on Mutual Funds Some investment funds carry a 12b-1 fee, also sometimes called a distribution fee.
Why double up on the fees?" (Big points scored with the firm's limited partners there, and a big message sent to other firms. Fees on growth funds are one of the most contentious issues in the industry today).
Still, about a third of hedge fund managers reduced their fees on existing funds this year, according to Barclays.
Putnam Imposes Fee BOSTON, Jan . 5 (AP) -- Putnam Investments, a unit of Marsh & McLennan, said Monday that trustees approved a 2percentt redemption fee on fund shares exchanged or sold within five days of purchase, a move intended to discourage short-term market- timing trades.
But now 60percentt of its operating income is from commissions and fees on mutual funds, securities transactions, investment banking and annuities, which are similar to mutual funds but include an insurance feature.
The latest, according to the newspaper, are the $3 billion London hedge fund Endeavour Capital and the $2.5 billion flagship fund of New York's Drake Management, both offering to waive performance fees on new funds until they have made back the disastrous losses that prompted their closure.
[C5.] Fund Company May Reduce Fees Massachusetts Financial Services may agree to cut fees on its funds by more than $100 million as part of a settlement with regulators over improper trading in its mutual funds, according to people close to the talks.
Almost all the profits come from the investment management fees on the funds in the plan.
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