Hedge fund managers pocket nearly half of investment gains as fees

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Financial Times 22h ago

Hedge fund managers pocket nearly half of investment gains as fees - Financial Times

Quick Summary:

Industry has taken $1.

Whereas management fees used to eat up less than 10 per cent of gross gains in the late 1960s and 1970s, they have represented almost 30 per cent in the past two decades, LCH said.

The shift suggests efforts by institutional investors and investment consultants to cut fees across the board have failed, with management fees gobbling up more of the returns as gains have dwindled.