Goodwood Capital Fund cuts incentive fee

Date: Tuesday, April 23, 2013
Author: Investment Executive

Moved aimed at providing greater certainty to investors

Toronto-based Goodwood Inc., the manager of Goodwood Capital Fund, said Friday that in an ongoing effort to reduce costs for its investors in an environment of escalating fees, it will no longer charge the fund a performance incentive fee, effective immediately.

Goodwood said it believes that this will provide investors in the fund with greater certainty on the amount of fees payable by the fund.