Globe & Mail – Hedge funds were once known for the fat fees they charged investors, but they are trimming those charges amid growing competition for clients.
When Connor Clark & Lunn Financial Group recently rolled out its first hedge fund for individual investors, it didn’t apply the typical hedge fund structure of a 2-per-cent management fee plus 20-per-cent of profits above a specified benchmark. Instead, it is only billing a 2.5-per-cent fee on the main version of its small-cap market neutral fund.
