| 24.06.2015 Other Voices: How to cut hedge fund fees in half (part 2) - The core-satellite model |
| This paper was authored by Andrew Beer, founder of Beachhead Capital Management LLC, New York. You can download the full paper here. A recent note (Part 1) discussed a potential solution to excessive hedge fund fees, the Investor Aggregation Model, but highlighted near term obstacles, including industry structure and agency issues. This note discusses a more realistic alternative: a Core-Sa |