Formuepleje criticized for charging returns-based fees
Asset manager Formuepleje is a successful business for its owners. But its use of performance-dependent fees has been criticized by competitors and advisors.
In theory, it can be a good idea for an asset manager to share interests with its investors. But at Danish asset manager Formuepleje the shared interests were pushed too far when it demanded extra fees from clients when the market grew, even though the manager did not necessarily meet its benchmarks.
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