Bedlam links fund fees to performance

Bedlam Asset Management starts its offer period this week for three equity funds that will levy no f...

Bedlam Asset Management starts its offer period this week for three equity funds that will levy no fees unless they deliver positive returns of 1.25% a quarter. The UK, Global and Emerging Markets funds are open ended and Dublin listed. Although no fees are charged if the fund does not meet the set hurdle rates, a maximum charge of 5.4% of total assets can be levied each year, based on 1.4% for each of four quarters when the fund meets the 1.25% rate. However, Charlie Scott-Plummer, marketing director at Bedlam, said the group would not levy the full 1.4% charge if this cancelled out...