Boston Globe – Hedge funds and private equity funds took a hit among US institutions and pension managers in a survey by Fidelity Investments released Monday.
The survey found that only 19 percent of American managers of pensions and other large funds believe the benefits of hedge funds and private equity funds are worth the fees they charge. That contrasted with Europe and Asia, where the vast majority — 72 percent and 91 percent, respectively — said the fees were fair.
