12.11.2010 Opalesque Exclusive: Launching managers need to reset their thinking, most will operate at a loss for 1-2 years
From Kirsten Bischoff, Opalesque New York:

Discussions surrounding hedge fund fees seem to rear up every few months these days. Typically, they are prompted by poor hedge fund performance, but as most hedge funds have made gains this year, and many proved their alpha capturing abilities, the fee discussion seems a bit out of place. Perhaps it is signaling a permanent shift brought on by bo

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