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> The fact that hedge fund managers live from the fees tells what they really think about their skills. Hedge funds have both management and performance fees.
by Galanwe 6y ago
> The fact that hedge fund managers live from the fees tells what they really think about their skills.
Hedge funds have both management and performance fees. Management fees exist because whatever the result, there are employees that worked to deliver it. I don't see why you think that I appropriate.
- nabla9 6y agoFrom the investor point the work they do is not worth of it as this bet demonstrates. Performance fees are never structured so that incentives align. You will eventually get high-water mark (HWM) performance fees just because there is random fluctuation.