Hedge Fund Performance Picks Up In MayRupert Hargreaves
Hedge funds’ performance or lack of it has been a hot topic this year. Despite their high fees and reputation for attracting only the brightest talent around, market volatility in the first quarter caught many funds off guard, with the HFRI Fund Weighted Composite Index declining by -0.6%. Yet despite this lacklustre performance, the average management fee remained steady at 1.5% while the average incentive fee pocketed by managers decreased by just 0.1% to 17.6% according to data compiled by Hedge Fund Research Inc.
Hedge funds: Losing clients
Deteriorating performance and high fees have . . .
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