Standing up and being counted
Funds of hedge funds often encounter the complaint, before or after investment, from institutions that their fees are unjustified. Interviewers from Investorsource.com put the claim to leading fund of funds practitioners
During September and October, the research team at Investor Source carried out detailed interviews with leading fund of hedge fund managers in New York, London, and across Switzerland.
In the institutional marketplace, a key prevailing objection with regards to multi-manager vehicles is the additional level of fees that they charge.
Add 1% and 10% at the fund of funds level to the 2% and 20% at the single-fund level at returns are quickly eroded, they say.
So how do funds of hedge funds feel they
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