Fees for big Asian buyout funds higher than at western firms

Fees paid by investors to big Asian buyout funds have remained high in contrast to falling fees in the west

The average fee for Asian private equity funds with more than $1bn in assets under management remains at 2%, unlike their global counterparts, which usually take into account their large asset base and lower their fees accordingly, an annual survey conducted by Squadron Capital Management shows.

"We believe that this is a matter of supply and demand," said David Pierce, chief executive of Squadron Capital, which manages funds of funds and co-invests in the Asia-Pacific region.

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