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Posted on: June 25, 2014, 5:19 p.m.
"Alternative asset classes are expensive, especially if you have to live with the average fund instead of stellar funds," said Prof. William Goetzmann of the Yale School of Management. Hedge funds and private-equity firms generally charge investors much higher fees than mutual funds and other traditional investments, including management fees of as much as 2% of assets and a take of any returns. Full investment news articleRelevent to this post: Prudential Yale University Investments Office,