Lowland drops performance fee as Henderson defends performance record

Lowland told investors in an announcement on Friday afternoon that its performance fee would no longer apply from 1 October. Meanwhile, it added, the level at which its management fee drops from 0.5% of net chargeable assets to 0.4% will reduce to £325m, from £375m, from the same date. The trust currently has net assets of £270m. Law Debenture uses Covid-19 market falls to position for future dividend growth Lowland's performance fee had been based on 15% of the net asset value total return outperformance over the FTSE All-Share +10%, measured over three years, according to broker ...