Study finds less than third of HFs actually pocket mythical “2 and 20″
Mar 10th, 2009 | Filed under: Investment Management Fees, Today's Post
The Wall Street Journal reports that the head of the Utah Retirement System is taking a stand on what he says are unfair hedge fund fees. As the Journal reports, Utah’s Larry Powell has extracted “better fees” from 10 of the 40 hedge funds in which Utah has a direct investment. In doing so, he has won fans in the institutional investing community, such as the head of the Illinois State Board of Investment, who told the Journal that: More…
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[...] Study finds less than third of HFs actually pocket mythical “2 and 20″ [...]
If you don’t like the fee’s, DON’T INVEST, go and try to make your own money.
Allabouthalpha has earlier made reference to AP7 the Swedish State pension fund, who in a separation framework (Anson 2005) apply different fee structure for Alpha and Beta.