Orbis Investments.

thunderroad88

Therealdisraeli said:

Their fee structure is opaque and I cannot find any info on how much exactly is taken off during periods of outperformance - they say up to 40% whic gets used to compensate the fund during underperformance. Then all you're doing dampening the upsides and downsides, minus a fee (which is unknown), which is not the point of a long term equity fund in my view. 

Which is why it’s best to pay the 1.2% fixed fee and then you know exactly what you’re paying for what is a strong performing fund…

Alexland

thunderroad88 said:

Which is why it’s best to pay the 1.2% fixed fee and then you know exactly what you’re paying for what is a strong performing fund…

It might be better than paying the variable performance fee but it's still very expensive so you need a lot of outperformance from the assets just to cover the fee.

FrugaiMacDugal

Thanks all.

I was thinking of Global Equity, but no fixed fee option, so might go for Global Balanced fixed fee.