Oct
17
Albourne Takes Aim at Hedge Fund Fees as ‘Elephant in the Room’
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Firm announces new initiative to help clients negotiate fees
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Albourne favors performance fee adjusted for market return
One of the biggest hedge fund advisers is calling for an overhaul of the industry’s exorbitant and opaque fees.
Albourne Partners, which advises investors that collectively hold more than $400 billion in alternative investments such as hedge funds, will announce a plan Tuesday that will help investors determine appropriate fees, said Simon Ruddick, the London-based chairman of the adviser. Albourne Partners will collect fee information and set up a mechanism to help investors negotiate the best rates, he said…
Albourne Takes Aim at Hedge Fund Fees as ‘Elephant in the Room’
