Funds of hedge funds are slashing fees in hopes of wooing new investors, The Financial Times reports. "A lot of hedge fund managers are going to be working for nothing next year," said Norval Loftus, senior investment manager at Ansbacher,
Funds of hedge funds are slashing fees in hopes of wooing new investors, The Financial Times reports.
“A lot of hedge fund managers are going to be working for nothing next year,” said Norval Loftus, senior investment manager at Ansbacher, speaking at a conference on alternative investments in London.
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