Waverton drops performance fees on equity funds

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Waverton, J O Hambro Investment Management's fund range, has announced the removal of performance fees on its four Dublin-based equity funds.

The four funds are Waverton Global Equity Fund, Waverton Asia Pacific Fund, Waverton European Fund, and Waverton UK Fund. The fund manager says from now on there’ll be a flat management charge for these funds of 1.0% per annum (A Class). The Waverton Bond and Absolute funds remain unchanged. Commenting on the move, James Du Boulay, Head of Funds Distribution, says, “We have decided to remove the performance fees to align ourselves with our most competitive peers after widespread research and discussions with the investment community.”   These funds operate under a UCITS IV, Dublin-bas...

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