Forsyth Barr drops performance fees on equities funds in drive for simplicity

Mon, 15 Aug 2016

By Paul McBeth Aug. 15 (BusinessDesk) - Forsyth Barr has dropped its fees for outperforming on its management of two equities funds in a bid to simplify things for investors. The 80-year old Dunedin-based brokerage decided to stop charging performance fees on its New Zealand equities and Australian equities funds if they beat the annual 10 percent return hurdle and removed the ability to charge those types of fees, amendments to the prospectuses show. Forsyth Barr made a number of changes to the way it manages funds as part of the new li...

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