手数料ではなく、パフォーマンス
The chorus of investors complaining about hedge fund fees is getting louder as performance continues to get softer. This past weekend, the Old Gray Lady once again featured a piece on why managers are doing all they can to quiet the sound coming from investors by offering new fee structures — a new take on the two and twenty that has been the standard hedge fund fee of late, but still higher than fees charge by traditional managers. And while I very rarely agree with the liberal-leaning New York Times, this week they may have got it right, sort of. Investors should be screaming about paying too much: Performance is bad […]