Thursday 24th January 2002
|Text too small?|
A: Unfortunately this is not my area of expertise. I have heard of fund managers who take a % of the profits they make for their client instead of set fees. These are usually portfolio managers looking after a small number of wealthy clients with large amounts of money to invest. I suggest you read the section about Oliver Saint in the article Sweet Equity from Unlimited magazine published on ShareChat.
I don't know of any fund managers in the NZ market that offer this kind of fee structure. It would be nice if they did - performance of the fund manager rather than market performance seems sensible to me.
No comments yet
How should I invest $200,000?
What should I do with my Brierley and IndraNet shares?
How do I invest in the NZ sharemarket from overseas?
Are there any NZ brokers that buy/sell on the Australian option market?
Where can I get free, historical information on share prices?
Is the NZ market a good place to try and make money quickly?
How do I sell shares that are listed on the NYSE?
How do I invest in the US stock market?
What are the tax implications of investing in US shares?
When are you classified a trader for tax purposes?