Infrastructure fund fees “make us much less supportive” of the asset class: Watson Wyatt
Dec 6th, 2009 | Filed under: Hedge Fund Industry Trends, Today's Post
WTF?!
Alternative investment fees can be pretty complex and often confusing. In part, this is what makes the debate over hedge fund fees so acrimonious. Hurdles, high water marks, time periods, realized NAVs…They are sometimes enough to turn away all but the most experienced and quantitatively-adept investors.
A recent article by Watson Wyatt shows how another class of alternative assets – infrastructure funds – share many of these same complexities. In fact, infrastructure shares more in common with its closest relative, the private equity fund. And private equity funds were the undisputed pioneer of complex fee arrangements.
In general, the firm concludes that most infrastructure fees are simply too high: More…
To continue reading this article please login (at the right) or click here to learn more about accessing our archives.
Related Posts
- Watson Wyatt: Investment managers now dominate the “pension fund food chain”
- Watson Wyatt: 130/30 breathing new life into asset management
- Alpha/Beta Separation & Integration is #3 Trend for 2007: New Watson Wyatt Report
- Hedge Fund Asset Concentration: Is the Gini climbing back in the bottle?
- Hurdle Rates: The (Missing) Link Between Beta and Hedge Fund Fees
