(Bloomberg) Some hedge fund managers still deserve to earn 2-and-20 fees, according to Philip Falcone, the former hedge-fund manager who’s now chief executive officer of HC2 Holdings Inc.Investors may pay such fees for funds that are able to beat indexes, but balk at those charges from those that don’t.
Some Hedge Funds Still Merit 2-And-20, HC2’s Falcone Says
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