FCA's Sier pans new methodology to calculate alternative investment fund fees

Chair of FCA cost disclosure working group

Natalie Kenway
clock
 Chris Sier says alternative investment cost tool 'falls short'
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Chris Sier says alternative investment cost tool 'falls short'

Chris Sier, chair of the Financial Conduct Authority's institutional disclosure working group, has criticised a new methodology to calculate and compare the fees of alternative investment funds as "fallen short" of including all costs.

A working group set up by the Standards Board for Alternative Investments (SBAI) last year to study fees in the sector has come up with a Standardised Total Expense Ratio (STER) to compare fees across...

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