At a glance
- The reduction would apply to distributing-fund investors and is contingent on the restructuring vote.
- For fund selectors, the immediate consequence is a lower stated fee for three years; the governance question is whether the concession carries through the combination.
- The fee after year three is not covered by the stated reduction.
Partners Group is proposing to cut fees by at least 25 basis points for three years for investors in its Global Value fund as it seeks approval for an umbrella structure holding two portfolios.
The reduction would apply to distributing-fund investors and is contingent on the restructuring vote.
For fund selectors, the immediate consequence is a lower stated fee for three years; the governance question is whether the concession carries through the combination.
The fee after year three is not covered by the stated reduction. The next visible step is the restructuring vote.
Reported by The Wrap desk from The Semi-Liquid Week coverage item. Published . Corrections
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