Right of Reply: Coronation responds, in detail, to Sean Peche's allegations on the alleged Performance Fee rip-off

For the past three weeks South Africa's largest asset managers - and particularly Coronation, Allan Gray and Ninety One - have been accused of profiteering at the expense of retail investors. This came in the wake of detailed analysis by Ranmore Funds founder Sean Peche, who holds both CA and CFA qualifications, which showed South African investors were paying much higher fees than their counterparts elsewhere in the world. Coronation's Head of Personal Investments, Pieter Koekemoer, presents the other side of the story in this Right of Reply discussion with Alec Hogg of BizNews.com. In it he argues that Peche's analysis is not a fair comparion; addresses the Coronation incentive model (30% of pretax profits as a bonus); responds to Sygnia founder Magda Wierzycka's scathing attack in Coroantion's culture - and explains why it has taken so long for the JSE-listed company to respond. Learn more about your ad choices. Visit megaphone.fm/adchoices