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Rajib Chanda Quoted in BoardIQ on Lower Fund Management Fees in 2017
10.11.17
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Corporate Partner Rajib Chanda was quoted in BoardIQ, a Financial Times news service, in an article “Cuts to Advisory Fees Being Driven by Advisers, Not Boards,” which argues that fund advisers have led the charge on cutting management fees in 2017 due to competitive pressures and investor preferences. Given this trend, Rajib does not think that boards will need to step in and demand a reduction of fees from advisers. Instead, Rajib advises that directors take a step back and look at the big picture, and consider questioning management about its long-term plan for the fund business, including whether the adviser will be able to stay competitive in the field.