Tag Archives: performance-fees
Talk of Fortress expansion spree overblown
Reuters – Rumours of an acquisition spree by Fortress Investment Group are greatly exaggerated and may disappoint investors who jumped into the stock during the past week. The private equity and hedge fund giant last week named director and former […]
Hedge Fund Fees Firm With Rebound as LBO Fees Bow to Pensions
Bloomberg – Larry Powell, deputy investment chief for the $16 billion Utah Retirement Systems, was convinced in January that hedge funds finally would buckle under the pressure of record losses in 2008 and lower their fees. He figured it was […]
Hedge Fund “2 And 20” Fees Come Under Pressure – Report
NASDAQ – Hedge funds’ traditional "2 and 20" fee structure is being eroded by demanding investors who want a better deal. According to a survey by research firm Preqin released Wednesday, the average hedge fund collects 1.63% for management fees […]
UPDATE:Hatteras Expands, 2 Mutual/Hedge Fund Strategies
HedgeCo.net (West Palm Beach) – Hatteras Funds has acquired a controlling interest in Alternative Investment Partners, LLC, a Harrison, NY-based provider of open end mutual funds of hedge fund strategies known as AIP Mutual Funds, increasing Hatteras Funds and its […]
Fairfield Sentry sues hedge fund over Madoff fees
Greenwich Time – Fairfield Sentry Ltd., seeking to recover more than $919 million in fees related to investments involving Bernard Madoff, sued the Fairfield Greenwich Group hedge fund that lost $7 billion in Madoff’s fraud. Fairfield Sentry, based in the […]
Investors expect better hedge fund terms
Stuff – Some of the biggest fund-of-fund investors expect hedge funds to lower management fees and introduce terms that let shareholders eventually claw back performance fees, The traditional take-it-or-leave-it stance in the hedge fund world is wobbling. Investors are demanding […]
Cuomo Sues Hedge Fund Chief for Bets Placed with Madoff
New York (HedgeCo.Net) – J. Ezra Merkin, head of Gabriel Capital Corp., has been sued by New York Attorney General Andrew Cuomo, after it was discovered he had placed investor’s money into funds managed by Bernard Madoff without their knowledge […]
Hedge-Fund Pay May Fall 25% in 2009 as Fees Evaporate
Bloomberg – Compensation for U.S. hedge-fund employees may drop as much as 25 percent this year as the firms try to recoup last year’s investment losses. The decline will cut hedge-fund paychecks to about half the record levels of 2007, […]
Penjing Asset Says It May Not Get Performance Fees Until 2010
Bloomberg – Penjing Asset Management, a Hong Kong-based hedge fund of funds manager overseeing about $520 million, said it may not get any performance fees until next year, and declining income will restrict staff bonuses. The company, which ran the […]
No Performance Fees for 80% of Asia Hedge Funds
Bloomberg – More than 80 percent of Asian hedge funds won’t be able to charge their investors performance fees after finishing 2008 below their peak net asset values, according to data provider Eurekahedge Pte. About a third of the 1,000 […]
