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

Chair of FCA cost disclosure working group

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

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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