Performance fee rules across Europe lacking harmony

52% of performance fee structures already adhere to ESMA recommendations

Pedro Gonçalves
clock • 1 min read
72% of all performance fee structures now measure funds true outperformance against an external benchmark.
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72% of all performance fee structures now measure funds true outperformance against an external benchmark.

Compliance with ESMA rules remain largely uneven across the two main European fund centres, according to a review of 1,254 performance fee structures of over 120 fund promoters across Europe by Fitz Partners.

Following the early introduction of stricter requirements by the Central Bank of Ireland which became effective in November 2020, all Irish domiciled funds included in Fitz Partners' research comply fully...

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