David O'Leary - Profile and Journalist Details
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David O'Leary
Verified
Founder and Principal, Kind Wealth and Host, The Impact Investing Podcast
Toronto
Beats
Folkestone And Dover
I do not write about auctions, wine or booze. I don't write about NFTS or crypto.
Content
By David O'Leary| fpcollective.ca@ In my previous article entitled "Why Performance Fees are a Scam (ADD HYPERLINK", I discussed why performance fees are both harmful and unnecessary. I concluded that a better alignment of interests could be achieved by having fund managers invest in their own funds; also known as co-investment. Unfortunately, most fund companies don't disclose the investing habits of their managers. And there is no requirement in Canada for them to do so. It's high time our regulators changed that.
By David O'Leary| fpcollective.ca@ Performance fees, which have predominantly been associated with the hedge fund world, have become increasingly common in the retail fund industry worldwide. Ostensibly, performance fees benefit investors by aligning the fund manager's interests with their own. This alignment of interests happens, or so the argument goes because it ties a manager's compensation to the fund's performance. At first glance, this argument sounds pretty convincing.
By David O'Leary| fpcollective.ca@ In my previous article entitled "Why Performance Fees are a Scam (ADD HYPERLINK", I discussed why performance fees are both harmful and unnecessary. I concluded that a better alignment of interests could be achieved by having fund managers invest in their own funds; also known as co-investment. Unfortunately, most fund companies don't disclose the investing habits of their managers. And there is no requirement in Canada for them to do so. It's high time our regulators changed that.
Company Info
The Impact Investing Podcast