Report: Median performance fee earned by UK mutual funds that have one is, well, not really an issue
| Aug 29th, 2010 | Filed under: Hedge Fund Regulation, Investment Management Fees, Today's Post | By: Alpha Male |
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The battle for the hearts and minds of investors has raged for over a decade now. On one side, hedge funds have argued that a boutique, alpha-centric approach is best while on the other side, mutual funds have used their considerable marketing and distribution skills to make the case for the tried and true (read: less idiosyncratic) approach of long-only investing. The central front in the battle is often the alignment between manager and investor. Hedge funds’ weapon of choice has been the performance fee. But as students of the industry are well aware, these weapons often backfire, leaving some investors with a feeling that they have just been the victim of friendly fire.
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