Fok: CBUS saved A$15 million annually by renegotiating external manager fees
Kristian Fok · Kristian Fok – Australia's CBUS Superannuation CIO (Capital Allocators, EP.66) · Aug 27, 2018 · at 17:34
Kristian Fok discusses the initial financial and operational results of building out CBUS's internal investment team.
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“The combination of going in and reducing fees without having to sort of materially change the strategy, plus adding the platform to In terms of information and so forth, allowed us, each time we went back to the board, we said, look, returns are still strong. You're seeing the benefit in terms of the depth of information coming to you, investment committees, but we've also saved you fifteen million dollars per annum.”
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