Business

Vital manager NorthWest compares apples with oranges

Vital Healthcare Property Trust’s manager is trying to ward off criticism from three of Vital’s institutional investors by saying that two of the three manage similar investment funds and charge fees that are “broadly analogous” to the fees it charges Vital.

But the manager, Canada-based NorthWest Healthcare Properties Management, is making a false comparison because its fees are several orders of magnitude greater than fees charged by managers

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