Underperforming Orbis funds 'delivered value for money in 2019'

Firm's first AoV report

Mike Sheen
clock • 3 min read

Orbis Investments’ fund range “delivered value for money in 2019”, despite all three vehicles underperforming their benchmarks over the course of the year, according to the firm’s first Assessment of Value (AoV) publication.

The firm's funds board claim that Orbis' innovative fee structure, whereby no performance fee is paid during periods of underperformance, meant that the three funds - Orbis Global Equity, Global Balanced and Global Cautious - all delivered good value to investors despite "disappointing performance'.   Board determines 'good value' on all HL multi-manager funds All fund managers offering funds in the UK will be publishing AoVs in the coming this year for funds with accounting years ending 30 September 2019 onwards, following the action taken by the Financial Conduct Authority in the wa...

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