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Agreed I am in the hedge fund industry, so I see this first hand. The media loves the "2&20" phrase, but fund managers now proffer lower and lower management
by princetontiger 13y ago
Agreed
I am in the hedge fund industry, so I see this first hand.
The media loves the "2&20" phrase, but fund managers now proffer lower and lower management fees in order to close funds.
Most of the top hedge funds charge 1.50% today, and newer funds bear lower management fees.
- antr 13y agoAgree. I've even seen some top funds with lower management fees, but it is very very tough to get in as an LP.