Chatfeild-Roberts: Expect to pay more for true alpha

Investors looking to purchase consistently outperforming funds may end up paying more to do so in future, Jupiter's CIO John Chatfeild-Roberts has said.

The introduction of clean fee share classes ahead of the Retail Distribution Review next year has led some fund groups to tweak pricing structures, charging more for top-performing strategies. Chatfeild-Roberts said his Merlin multi-manager team will continue to drive hard bargains, but suggested there is room for manoeuvre as fund management groups begin to explore ‘premium pricing’ models. “As multi-managers we have always tried to negotiate the toughest possible conditions so that we do not pay more than we have to. But we are also not intending to cut off our nose to spite our fac...