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.