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.
Niels B. Thuesen, CEO of Formuepleje. | Photo: Gregers Tycho/ERH
Niels B. Thuesen, CEO of Formuepleje. | Photo: Gregers Tycho/ERH

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.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
!
!
Must contain at least 6 characters
!
Must contain at least 2 characters
!
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Further reading