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Chip Perkins Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the Opalesque 2015 Investor Roundtable, to discuss opportunities in alternative investing, new managers, new investing trends, co-investment and direct investing, due diligence, successful marketing and more.
Here is what they had to say about emerging managers’ fees.
Fees not the biggest issue
Preqin’s Investor Outlook, H1 2015 revealed that 75% of investors believed management fees had shown the most improvement over 2014. Even with the improvements, institutions identified fees as the second most important issue for hedge funds in 2015, after performance.
Preqin, a research house, also reported that since 2009, management fees have fallen for single-manager hedge funds. But for funds launched in 2015, however, they have seen an increase in the mean management fee of 1.53%. The rise may be attributed to the increasing operational costs of meeting regulatory requirements, such as the AIFMD, Basel III and Dodd-Frank rules.
As higher operational costs relative to the size of a fund make it dif...................... To view our full article Click here
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