Performance fee funds launched in 2018 by Fidelity International and Allianz Global Investors have struggled to gather assets with very few investors switching to the new structure.
According to the Financial Times, nine of the 12 Fidelity funds managed less than £60,000 each by the end of last year with five of the products managing less than £4,000 each. Furthermore, the firm's...
Vitality at Work scheme
Reporting to Steve Hill
Appointed on 19 September
Plans to double size in five years
Unnamed company valuation reduced