Fri, Aug 28, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The matter of hedge fund fees

Thursday, November 11, 2010

Benedicte Gravrand, Opalesque Europe.

There was much debate about hedge fund fees at Terrapinn's Hedge 2010 London conference on Tuesday. The 2 and 20 structure has become norm over the past years and has been brought into question since 2008, when most hedge funds failed to deliver what the high fees were for, that is, uncorrelated returns.

Opalesque is here reporting commentaries from Millennium's Israel Englander and GLC's Caroline Hoare, as well as from some major investors.

Izzy on fees "Is the power shifting back to the hedge fund manager?" asked Israel Englander, Chairman and CEO of Millennium Management, at the conference. "My response is; it is not about the transfer of power... For twenty years, nothing has changed; we get paid on performance."

Englander said that Millennium, which is head-quartered in New York, had been adding a lot of transparency for its investors of late. The firm has also increased controls and oversights (they now do two audits each year), invested in state-of-the-art technology, and built a strong management team to help run the place. Englander, who switched from trading to management, enjoys getting out more, and not spending entire days in front of computer screens. "We also have an Investor Day," he added.

Twenty years a......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Commodities - Commodity hedge funds lose most in three years as rout deepens, Funds bet on Shell deal as oil prices plunge[more]

    Commodity hedge funds lose most in three years as rout deepens From Bloomberg.com: Hedge funds betting on commodities lost the most in almost three years in July as the price-rout deepened. Funds lost money for a third month, according to the Newedge Commodity Trading Index, which was re

  2. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  3. JTC acquires Kleinwort Benson’s fund administration business[more]

    Bailey McCann, Opalesque New York: JTC has completed the acquisition of Kleinwort Benson’s fund administration business, boosting assets under administration (AuA) to $56 billion. Kleinwort Benson is based in the Channel Islands, South Africa. The transaction, which relates to the whole of K

  4. Performance - Hedge funds set to bank millions by short selling during London share slump, The China market chaos has made this hedge fund its most money in 2 years, Odey hedge fund said to surge 9% betting against China, Hedge funds with long-held bearish views on China rack up profits, Hedge funds in U.S. seen curbing damage from August turbulence, Hedge funds collect on their predictions of a fall, How did managed futures do while the Dow was down 1000[more]

    Hedge funds set to bank millions by short selling during London share slump From TheGuardian.com: Hedge funds are set to bank tens of millions of pounds from the slump in share prices in London, having bet almost £18bn that the FTSE 100 would fall. The funds making the bets include Lansd

  5. Opalesque Exclusive: John C Head IV leaves alternative investment firm Gallery Capital, David Harrison joins as co-CIO[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: John C Head IV, former president and co-founder of Gallery Capital Management, an alternative inv

 

banner