Hedge funds slash founders’ fees to help boost new launches Submitted By Hugh Leask | 30/04/2021 - 1:32pm More hedge funds are slashing founder share class fees in a bid to attract capital and get new launches off the ground, as due diligence challenges and investor aversion during Covid-19 meant founder capital has been increasingly hard to come by. Law firm Seward & Kissel’s annual ‘New Hedge Fund Survey’ questioned US-based hedge fund managers established in 2020, probing their investment strategies, incentive allocations and management fees, and liquidity and structures, among other things.