2/20 Gone: Average Hedge Fund Performance Fee Falls To 17.6%; Also Under Pressure In AsiaRupert Hargreaves
Hedge fund performance fee - Andrew Law’s macro hedge fund Caxton Associates is the latest high-profile hedge fund to cut its asset management fees as investor backlash grows against high fees and poor performance in hedge fund sector.
Under the new regime, the firm will charge 2.2% to 2.5% annually on assets, down from 2.6% previously according to Bloomberg which cites a letter to investors. However, the firm will continue to take a 27.5% cut of profits.
Even after these reductions, Caxton’s fees are still above the industry average . . .
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