Hedge Funds Get Earful From Clients About Fees, Withdrawals
Friday, April 3, 2009 : PermalinkBloomberg – Two years ago, German investment adviser Dieter Kaiser had to board a plane bound for New York to speak with senior U.S. hedge-fund executives.
These days, those same managers visit Kaiser, the director of investment management for Feri Institutional Advisers GmbH, at his office in Bad Homburg, about 10 miles (16 kilometers) from Frankfurt.
“We’re seeing hedge-fund managers here, and they’re wearing ties now,” said Kaiser, 31, whose firm has allocated about $1 billion to private funds for its clients.
Tags: 1-billion, bad homburg, dieter kaiser, frankfurt, german investment, hedge-fund-managers, investment-adviser, investment-management, kilometers, private funds, ties
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