Penalysing underperformance

Other responses to this week's Incisive Buzz questionnaire

• There is unlikely to be any place in the market for performance-related fees. • Like investors, fund managers must take the bad with the good. • There is a place for this if charges are kept low and good performance is rewarded. • Underperformance should only attract passive fund charges. If you can't beat the index, how can you charge as if you did. • Fund managers are entitled to a minimum fee level whatever the performance. • In this business, you live or die by your results. • Heads I win, tails you lose. • If you want to earn more for good performance, you have to earn less fo...