At the end of this article it gives great insight into the fee structure of GQG partners and for me explains why they have picked up so much funds in a short time: http://seekingalpha.com/article/404...jiv-jain-gqg-partners-emerging-markets-equity
Fees to Retail clients are capped at 1.33% and Institutional clients pay fees up to 1.08%.
Dependent upon the client mix of FUM, GQG stands to earn on $1 Billion on FUM from 1.08% or $10.8 Million.
PAC's share is 8% or $864,000. PAC paid $US4 Million or $AUD5.263 Million.
This is roughly 16.4% return in the space of 6 months. If FUM grow to $6 Billion, then PAC will get the money back it invested. Shame we don't own more of the business.
The GQG Partners approach to generate FUM is sorely missed at Seizert Capital. To lower fees at Seizert Capital is the only way to turnaround that Fund.
Best of Luck
Lost
PAC Price at posting:
$5.15 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)