•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

B. G., Opalesque Geneva:

According to law firm Seward & Kissel's latest study, established managers of traditional hedge fund strategies continue to charge high management fees, compared to managers with bespoke strategies. As for the incentive fee, three-quarters of those managing traditional strategies charge one while none of the bespoke strategy managers do.

The 2023 Seward & Kissel Established Manager Hedge Fund Study focuses on those clients who have been in business for at least five years and manage more than $1bn in regulatory assets under management (AuM).

The Established Managers use different approaches in seeking to increase their AuM: • implementation of new classes in their existing funds; • launch of new hedge funds; • entry into separately managed account relationships; • execution of side letters; • and/or the creation of special purpose vehicles (SPVs).

To best compare the results of this study to the findings in the recently released 2023 New Manager Hedge Fund Study, this study focuses solely on those Established Managers who set up new classes in their existing funds or launched new hedge funds in 2023.

Key findings:

......................

To view our full article Click here