Put an end to Ucits bonus cap talk, says ICI Global

Final guidelines on the remuneration requirements of Europe’s Ucits V directive were released on March 31, but an issue of great concern to investment firms remains unresolved: will managers of Ucits funds globally be subject to a bonus cap?  The issue centres around a “disruptive and unfortunate interpretation of a very important principle in European law”, said Dan Waters, London-based managing director of asset management industry trade body ICI Global, referring to ‘proportion…