NY Post – Warning to all Mercedes dealers: hedge fund bonuses could be tight this year. Many money managers are looking at lower pay — in the form of performance fees — as tepid returns for 2012 fail to make up for last year’s steep losses.
As of the end of the second quarter, only 43 percent of hedge funds had cleared a performance hurdle known as high-water marks over the past 12 months, according to data from fund tracker Hedge Fund Research.
