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First State Super CIO takes aim at PE fees

The debate over private equity fees shows little sign of abating, with First State Super’s chief investment officer, Richard Brandweiner, the latest high-ranking executive to weigh in.

The debate over private equity fees shows little sign of abating with First State Super’s chief investment officer, Richard Brandweiner , the latest high-ranking executive within the $1.8 trillion superannuation industry to advocate a reduction in the asset classes’ cost structure.

According to Mr Brandweiner, institutions will “increasingly opt for co-investments and direct investments with managers".

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Gretchen Friemann writes on Business specialising in Banking & Finance, Mining, Real Estate. Based in our Sydney newsroom, Gretchen is a Street Talk editor.

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    Original URL: https://www.afr.com/companies/financial-services/first-state-super-cio-takes-aim-at-pe-fees-20141017-11bx1n