'We need fund managers to make money': Advisers debate race-to-the-bottom on charges

James Calder, Research director, City Asset Management Charging is very important to us; we would like to think that we get the best charging structure available for the fund with which we invest. However, in this race to the floor we tend to forget that we want the fund managers we invest with to be around in a few years' time, so we need them to make money. There are margins and then there are margins, but there is a cost involved in running a fund and ultimately you would like to see the fund management group being remunerated at a reasonable level for the job that they do. You h...