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Apr 1, 2015 10:35 AM Heathbridge Capital Management
Effective today, the management fee for the Heathbridge Checkmark Equity Pooled Fund will be reduced from 1.55% to 1.50%. This comes on the heels of earlier reductions of from 1.75% to 1.65% on January 1st, 2011 and from 1.65% to 1.55% on April 1st, 2013.
The pooled fund is now larger than $100 million. As before, we are pleased to share the benefit of the economies of scale with our clients.
This policy contrasts with the large bank-controlled mutual funds whose fees have actually gone up as their funds have grown (Rob Carrick highlighted on April 25, 2014 that the management expense ratio rose over the past 5 years for 9 of the largest 12 mutual funds in Canada. This included every bank-run mutual fund on the list) – and consumers trust the banks! Perhaps that is the April Fools’ joke.
The fees on our larger segregated accounts continue at 1.25%.
Heathbridge began managing money for our earliest clients 19 years ago and we have had a great partnership with them ever since.
We look forward to many more years together in the future. Thank you for your ongoing trust.