Managers face pressure to reduce fees to boost returns

Fund managers should resist pressure on fees in the face of lower returns for the sake of maintaining investment inflows, according to an expert panel at the GAIM conference in Geneva on 12 June.

Nicola Meaden, managing director at Blackstone Group International, said for the top quartile performers in each strategy there would be no pressure on fees charged. Hedge funds could alleviate any pressure by managing investor's expectations of returns in advance.

Rainer-Marc Frey, managing director of R