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. The hedge fund world is well known for its ‘2 and 20’…
2/20 Gone: Average Hedge Fund Performance Fee Falls To 17.6%; Also Under Pressure In Asia
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk
Comments are closed.