By Greg Roumeliotis, European Infrastructure Correspondent
AMSTERDAM, Oct 21 (Reuters) - A large number of infrastructure funds are asking for high and complex fees that put investors off the asset class, market consultancy Watson Wyatt said on Wednesday.
"The structures that currently predominate in this area are obviously a good deal for infrastructure managers but not necessarily for their investors," global head of private markets research Jane Walsh said.
Instead of charging on invested equity capital, many funds charge investors on their commitments, meaning fees are often paid for uninvested cash, Watson Wyatt said. It did not single out any funds by name for their fee structure.
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Posted by claire at October 21, 2009 11:54 AM