Hedge funds charging performance fees of at least 20%
generated the highest 12-month and 24-month returns for
investors to the end of 2009, according to a survey of 900
small, medium and large hedge fund managers worldwide.
The study, carried out by alternatives research firm Preqin,
also showed that average management fees charged by
single-manager hedge funds currently stand at 1.65%, with
performance fees at 18.89% on average. Following the low point
of the financial...