{"id":5561,"date":"2007-01-18T00:00:00","date_gmt":"2007-01-18T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"the-hedge-fund-bezzle","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/01\/2007\/the-hedge-fund-bezzle.html","title":{"rendered":"The hedge fund bezzle"},"content":{"rendered":"<p>BBC Business &#8211; <strong>It wasn&#8217;t a bad year for hedge funds. They rose 13.86% on average in 2006 &#8211; almost double what they made the previous year, according to the Credit Suisse\/Tremont hedge fundindex.<\/strong><\/p>\n<p>  But that performance &#8211; which to be clear, is not particularly special &#8211; does not come cheap.<\/p>\n<p>  Hedge fund managers charge 2% in annual charges and take between 20% and 40% of any capital gains made by the invested funds.<\/p>\n<p>  The rewards for the managers are stupendous, which is why so many bankers, brokers and hedge funds have set up hedge funds in recent years.<\/p>\n<p>  Thus the 10 partners at Sloane Robinson &#8211; a successful UK hedge fund &#8211; shared \u00c3\u201a\u00c2\u00a3208m between them in the 16 months to last March. In other words, that is \u00c3\u201a\u00c2\u00a320m plus trousered per partner.<\/p>\n<p>  Nice work, you might think. But hedge-fund superstars in the US do so much better &#8211; they make 10 times that.<\/p>\n<p><a href=\"http:\/\/news.bbc.co.uk\/2\/hi\/business\/6274229.stm\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BBC Business &#8211; It wasn&#8217;t a bad year for hedge funds. They rose 13.86% on average in 2006 &#8211; almost double what they made the previous year, according to the Credit Suisse\/Tremont hedge fundindex. But that performance &#8211; which to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5561","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5561"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5561\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}