Hedge Fund Fees Need to Fall Further, Investor Survey Finds

(Bloomberg) Hedge fund fees need to fall further according to an investor survey by Preqin Ltd., as the industry struggles to justify its 2-and-20 fee structure amid lackluster returns. Seventy-three percent of institutional investors said management fees need to decline further over the next 12 months, according to the survey, released Friday. Fifty-four percent said performance fees need to fall.

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