How to Cut Hedge Fund Fees in Half
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چکیده
PART TWO: THE CORE-SATELLITE MODEL A recent note discussed a potential solution to excessive hedge fund fees, the Investor Aggregation Model, but highlighted near term obstacles, including industry structure and agency issues. This note discusses a more realistic alternative: a Core-Satellite Model that builds on the experience of the traditional asset management industry and recent developments in delivering hedge fund returns at low cost and with liquidity.
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