How Tough Are Investors Getting On Hedge Fund Fees

How Tough Are Investors Getting On Hedge Fund Fees by Convergence The debate around lowering hedge fund fees is nothing new and costs are often mentioned among the reasons for high-profile, largescale redemptions. While other factors were undoubtedly involved, the $300bn California Public Employees’ Retirement System (Calpers) and the €156.3bn ($177bn) Pensioenfonds Zorg en Welzijn (PFZW) both cited high fees as one of the drivers behind their decisions to pull out of hedge fund investing in 2014 and 2015 respectively. Speaking to HFMWeek last November, Albourne Partners co-founder and president Simon Ruddick spoke of the ‘angry dollar’, whereby “institutional investors…