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Did you read the article? Some hedge fund managers earned enormous pay even when their funds lost money.
by InclinedPlane 10y ago
Did you read the article? Some hedge fund managers earned enormous pay even when their funds lost money.
- charlesdenault 10y agoYes. But correct me if I'm wrong, but the article says that the managers made money because their firms are so large. Thus, they earned their 2% management fee regardless of performance. Should they be regulated? Won't the market correct when investors pull their money from the fund if they continue the losses?
- whatok 10y agoOf the three firms listed in the article, two of them have had significant redemptions in the past year and one of them has returned all outside capital. This says that Och-Ziff has had $4.2bn in redemptions during the first nine months of 2015 [0] [0] http://www.bloomberg.com/news/articles/2015-12-02/hedge-funds-brace-for-redemptions-as-losses-engulf-marquee-firms http://www.bloomberg.com/news/articles/2015-12-02/hedge-fund...