Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about Welcome To Hedge Funds' Stunning Pass-Through Fees
Hedge Funds

Welcome To Hedge Funds' Stunning Pass-Through Fees

by seekingalpha.com posted 1year ago 288 views
<p class="p p1">A&nbsp;<a href="http://www.reuters.com/article/us-hedgefunds-passthrough-insight-idUSKBN1530JL" rel="nofollow">recent piece</a>&nbsp;by Reuters&#39; Lawrence Delevingne notes that hedge-fund investors - long subjected to inflated management fees - are losing patience, particularly with &quot;pass-through fees&quot; which allow funds to charge clients for travel, research, bonuses on top of the 2-and-20 (2% of AUM and 20% of profits) that the funds already charge:</p> <p>Millennium, the $34 billion New York firm led by billionaire Israel Englander, charged clients its usual fees of 5 or 6 percent of assets and 20 percent of gains in 2016, according to a person familiar with the situation. The charges left investors in Millennium&#39;s flagship fund with a net return of just 3.3 percent.</p>

In this article