Hedge funds are down this year and that should be no surprise.
You think you’ve got it rough. Consider the poor hedge fund manager, who has an awful lot riding on the percentage gains he or she is able to post for clients. The reason is that hedge fund skippers pocket about 20% of the fund’s gains in addition to their annual fee. Of course, it’s a bit more complicated than that because to pocket a juicy cut of profits hedge funds must be above the high water mark in performance (i.e. the fund can’t be clawin … Read More