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- P2P cuts fees on leveraged assets
Tucked away in P2P Global’s latest factsheet is an announcement that P2P will amend its fee structure.
Currently, the investment manager charges a fee based on a percentage of gross assets (such percentage not to exceed 1.0 per cent). With effect from the June 2016 NAV, the investment manager has decided to waive a portion of management fees by reducing the fee charged on leveraged assets to 0.5%.
With effect from the June 2016 NAV, the investment manager has decided to waive the management fee on cash balances until such time that they return to less than 10% of NAV. Cash balances have been elevated as P2P manages its foreign exchange hedging.
P2P : P2P cuts fees on leveraged assets