Reuters – Hedge funds should be wary of being pressured into cutting fees because of poor performance numbers during the financial crisis, a director at fund research company Lipper FMI said on Thursday.
Speaking at a briefing on trends for the fund management industry, director of fiduciary operations Ed Moisson said the industry was seeing much discussion around a potential overhaul of the standard ‘2 and 20’ structure.
Hedge funds have traditionally charged a 2 percent management fee and a 20 percent performance fee on investments in their funds.
