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1st March 2016
How much does it cost to run an asset management business? This might be a useful question for pension funds to ask. There have long been grumblings about paying excessive fees, especially for hedge funds and private equity. But no one seems to ask the deeper question of how much money a successful asset manager needs in order to operate.
According to George Cooper, CIO of Equitile, a new London-based equity manager, the answer is about £350,000 (€464,000) per key employee per year. That figure covers not just their salaries but other costs – administration, IT, rent, legal costs, and so on.
Risks
The value of your investment may fall or rise and you may get back less than you invested. All investments involve risk and past performance is not a guide to future returns. Equitile offers no guarantee against loss or that investment objectives will be achieved. Please read the Key Investor Information Document, Prospectus and any other offer documents carefully and consult with your own legal, accounting, tax and other advisors in order to independently assess the merits of an investment.
Important Information
The information available on this website is intended for qualified personnel in relevant jurisdictions only and is not intended for use by members of the general public or investors in countries where the Funds referred to are not registered or approved for marketing and/or sale or such jurisdictions where dissemination of information on the Funds or services is not permitted.
Equitile does not offer investment advice. Nothing on this website should be construed as a recommendation to invest in any securities issued by any fund managed by Equitile or as legal, accounting or tax advice.
Equitile Investments Ltd is authorised and regulated by the Financial Conduct Authority in the United Kingdom and is a company registered in England, number: 09459099. Registered Office: 2nd Floor, Regis House, 45 King William Street, London EC4R 9AN.
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