For years pension funds, university endowments, and other big investors essentially wrote blank checks to hedge funds and private equity firms. They readily paid stiff fees and agreed to onerous restrictions. Investors had no choice if they wanted access to the money managers and outsize gains.
British pension fund manager Hermes has called for a shake-up of the hedge fund industry, demanding greater transparency and fee structures closer aligned to performance.
In their attempt to regulate hedge funds -- the homegrown financial phenomenon that spawned an estimated 200 companies in Fairfield County -- Connecticut lawmakers might be stepping on federal jurisdictional toes and making the state less friendly for the lucrative industry.
If there's anything tougher than being married to a hedge fund guy, it's being divorced from one.That's the lesson of Jill Kargman's new novel, "The Ex-Mrs.
May 29 (Bloomberg) -- Commoditrade Inc. plans to introduce an energy hedge fund in the fourth quarter, complementing a fund that invests in industrial metals.
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