(Reuters) Investors disappointed by hedge funds’ poor returns and managers eager to pull in fresh money are seeing eye to eye: the industry’s once-hefty fees are being rolled back.
Two separate global surveys suggest that nearly three-quarters of investors and the same amount of managers have negotiated fee structures that have made the traditional fees a thing of the past. Typically, hedge funds have charged an annual management fee of 2 percent on assets plus a performance fee of 20 percent on gains earned by the funds.
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