June 30, 2024
Funds

Australia’s Pension Funds Play Hardball on Asset Management Fees

(Bloomberg) — Australia’s booming A$3.7 trillion ($2.5 trillion) pensions industry is proving a tough negotiator on asset management fees, as data reveals the funds often pay significantly less than others. Most Read from Bloomberg A survey of 11 pensions revealed they paid almost 12 basis points — or about a fifth — less than their

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