Fisher Funds gets lower performance fees and faces refunds

Thu, 11 Oct 2012

By Pam Graham Oct. 12 (BusinessDesk) – Fisher Funds Management reaped a lower performance fees and faces a refund for one client with another in prospect, according to its latest financial statements. The fund manager with an active investment approach set up by Carmel Fisher in 1998 notched up performance fees of $375,000 in the year ended March 31, down from $2.97 million the previous year but administration fees of $1.83 million are up from $405,000 last year. The firm's financial statements were lodged with the Companies Office. The bul...

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