James Carthew comments on performance fees in an article published by Portfolio Adviser on 9 February Investment trusts that do not use performance fees are imminently set to outnumber those that do, as experts predict the controversial charges are heading for the scrapheap….. ….. James Carthew, research director at investment trust research firm QuotedData, said there seemed to be a “rush to scrap performance fees”, but it “isn’t something we necessarily agree with”.