Some big firms in the hedge fund industry, known for charging high fees, are finally cutting their charges amid heavy outflows and investor complaints after a year of losses. Three hedge funds contacted by the FT admitted to cutting their fees for new investors, usually by lowering management fees by half a percentage point to between 1% and 1.5%, and halving performance fees from 20% to 10%.

This entry was posted by Gwen Robinson on Monday, May 11th, 2009 at 5:39 and is filed under Capital markets, Hedge funds. Edit this entry.