Fund fees to come under pressure in 2009

Asset management fees remained stable in 2008 but are likely to come under pressure in 2009, according to a report issued by Mercer. Early indications gathered by Mercer's 2008 asset manager fee survey shows that managers are "hungry" for more assets and there is greater willingness to discuss and negotiate fees. This is especially the case in some of the alternative asset classes such as hedge funds. There are a number of reasons for the willingness of fund managers to accept lower…