Tag Archives: utah retirement systems


Despite Pressure, Hedge Funds Resist Reducing Fees

New York Times – Despite the industry’s record losses in 2008, hedge funds generally aren’t lowering their fees without concessions from investors, such as longer lock-up periods and commitments of at least $100 million, money managers and consultants tell Bloomberg […]

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 […]

Utah Plays Hardball With Hedge Funds

Money Management Letter – The Utah Retirement Systems has proposed that hedge funds’ management fees cover operating expenses only, that performance fees be paid either at the end of a lockup period or placed on a deferred schedule, and that […]