Institutional Investor reports: Fees collected by active managers fell last year as managers struggled to beat market returns.
On average, active management fees declined 4 percent in 2021, according to the latest analysis by Investment Metrics, a portfolio analytics company. The report covered 353 managers with mandates greater than $30 million in 2021. Among all investment styles, Investment Metrics said global equity managers “made the most fee concessions,” with the median fee falling 11 percent.
