Tag Archives: larry powell
Despite Pressure, Hedge Funds Resist Reducing Fees
New York Times – Despite the industry’s record losses in 2008, hedge funds generally aren’t lowering their fees without concessions from investors, such as longer lock-up periods and commitments of at least $100 million, money managers and consultants tell Bloomberg […]
Talk of Fortress expansion spree overblown
Reuters – Rumours of an acquisition spree by Fortress Investment Group are greatly exaggerated and may disappoint investors who jumped into the stock during the past week. The private equity and hedge fund giant last week named director and former […]
Hedge Fund Fees Firm With Rebound as LBO Fees Bow to Pensions
Bloomberg – Larry Powell, deputy investment chief for the $16 billion Utah Retirement Systems, was convinced in January that hedge funds finally would buckle under the pressure of record losses in 2008 and lower their fees. He figured it was […]
Study Finds Few Hedge Funds Pocket Mythical ‘2 and 20’
The Wall Street Journal reports that the head of the Utah Retirement System is taking a stand on what he says are unfair hedge fund fees. As the Journal reports, Utah’s Larry Powell has extracted “better fees” from 10 of […]
