Lowering Fees to Entice Investors

Desperate for capital, hedge fund managers are suddenly more accommodating than before.


Investors who want a piece of top-name hedge funds used to have little choice but to accept the cruel terms of admission. These included high fees (sometimes in excess of the industry standard 2 percent management fee and 20 percent performance fee), gates and lockups — all tilted in favor of the hedge fund manager.

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