Mercer analyses fund of fund fees
Fri Dec 10, 2010
In its latest global survey of fees, Mercer found that
although funds of hedge funds pay fees to outperforming
managers they do not always get an offset from drag on the
portfolio from underperforming managers.
Mercer points out that performance fees are still paid by the
fund of funds even if the overall portfolio has underperformed.
ISSN: 2151-1845 / CDC10004H
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