Performance fees more popular: MorningstarBY ALISON BEVEGE | THURSDAY, 24 FEB 2011 11:45AMThe lure of performance fees harks back to ancient Phoenician sea captains who kept a fifth of the profits from successful voyages, a piece of history invoked by Alfred Winslow Jones, inventor of hedge funds, when he took 20 per cent of the profits. |
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Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.