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Hedge Funds Paid $50 Bn In Fees And Interest To Investment Banks In 2006, Says Dresdner Kleinwort

The Financial Times is reporting that Dresdner Kleinwort research has shown that hedge funds paid up to USD50 billion (€38.4bn) in fees and interest to investment banks last year. The bank estimates that they contributed to a quarter of investment

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The Financial Times is reporting that Dresdner Kleinwort research has shown that hedge funds paid up to USD50 billion (€38.4bn) in fees and interest to investment banks last year.

The bank estimates that they contributed to a quarter of investment banking pre-tax profit. The payments to investment banks are equivalent to a 4 percent annual fee on the industry’s USD1.3 trillion of assets.

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