Asset Management

Jupiter agrees performance fee cut on Chrysalis trust after managers’ payouts slammed

Trust drops 20% fees and changes incentives for managers as market rout hits favoured unlisted growth stocks

Managers to receive locked-in shares after 100 payouts drew scrutiny
Managers to receive locked-in shares after 100 payouts drew scrutiny Photo: Igor Golovniov/Getty Images

Performance fees charged by the well-known Chrysalis investment trust have been slashed after its managers came under criticism last year for the size of their payouts.

Jupiter Fund Management, which has a roughly 23% stake in the trust, has agreed the cuts to "ensure long term alignment between the management team and Chrysalis shareholder interests", according to a stock market update on 30 November.

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