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European hedge fund managers see fees as crucial factor in regaining allocators’ trust (Part 1)
Monday, May 07, 2012

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Diego Fluxa From Precy Dumlao, Opalesque Asia:

Hedge fund managers in Europe are in agreement that fee restructuring will be a core theme for hedge fund allocators over the next years if the industry is to regain trust and momentum. Speaking during the latest Opalesque French Roundtable, Diego Fluxa, head of alternative investments at Rothschild & Cie Gestion, the asset management arm of the Rothschild Group in Paris, France, gave the opening salvo in fee restructuring when he said that fees have to be better aligned between the different bodies.

The France Roundtable took place in Paris last month and was sponsored by Lyxor Asset Management and Eurex.

When asked by Francois Bonnin, founder and CEO of John Locke Investments, an alternative asset management firm based in France with a little under $500m in assets, if the hedge fund industry should re-align fees in an industry that is growing in assets despite the lack of performance, Fluxa replied in the affirmative.

Fluxa said, "Yes, that is correct. In fact, I was speaking from a European perspective, but sure, hedge funds have been very successful in the U.S. and other parts of the world where pensions have started to allocate to hedge funds. ......................

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