By Susan Barreto
The hedge fund hockey match just got a bit more interesting, as the puck is batted by investors toward the goal and the goalie is more than a little reluctant to protect his net.
The team hedge fund goalie may be getting tuckered out too. It seems that now hedge funds have shown a willingness to negotiate there are a multitude of new terms and fee structures to choose from.
For pension funds, the playbook has been drawn up largely by US public pension funds - with Utah's Larry Powell giving strategic input to the industry in a white paper. Among other things it proposed that hedge fund managers implement a tiered management fee structure so that large investors do not subsidise an undue portion of operational costs,...