My first nomination for the Decision Nerds podcast Room 101 was a relatively gentle chart crime; my next investment industry pet hate to send into oblivion might be a little more controversial – it’s mutual fund performance fees.

What’s my problem? Well, such fee structures are often framed as better aligning client interests and fund manager incentives, when often they do no such thing. Rather they create a ‘heads I win, tails you lose’ asymmetry and one that is not (surprise, surprise) in the interests of the client.

You can find out a little more about my thinking, why Paul might disagree and how fees can be better structured.

The second of three short episodes is linked here and on all your usual podcast platforms.