Hi, this is a question for anyone who has a view on performance fees in LIC or LIT or ETF. I've been considering different investment options and I'm more than a little turned off by what seem to me to be very large performance fees in some funds. For example Forager has a 10% performance fee on top of 1.1% fee, and another had a 22% performance fee. Aren't these ridiculously high and won't they dilute returns too much to make them worthwhile investments? At the minute I'm just deleting investments with performance fees from consideration, but maybe I shouldn't. Views please?
