Why capping managers’ bonuses could be the biggest threat to your portfolio
May 15, 2013
Dominic Johnson, founding partner of Somerset Capital Management, explains why capping fund managers’ bonuses could hamper the progress of top-performing boutique funds – favourites among many FE Trustnet readers.
In a recent FE Trustnet poll a whopping 69 per cent voted to cap fund managers’ performance-related pay.
The sample came from financial advisers and sophisticated investors. This is worrying indeed and means that as an industry, fund management has lost as much credibility as bankers, national journalists and – god forbid – politicians.
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