{"id":11167,"date":"2009-08-03T00:00:00","date_gmt":"2009-08-03T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"despite-pressure-hedge-funds-resist-reducing-fees","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2009\/despite-pressure-hedge-funds-resist-reducing-fees.html","title":{"rendered":"Despite Pressure, Hedge Funds Resist Reducing Fees"},"content":{"rendered":"<p>New York Times &#8211; Despite the industry&#8217;s record losses in 2008, hedge funds generally aren&#8217;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 News. <\/p>\n<p> While Larry Powell, deputy investment chief for the $16 billion Utah Retirement Systems, could crow at a June industry dinner in New York that more than half of Utah&#8217;s 40 hedge-fund managers agreed to changes in their fees, with four adopting his recommendations, top-performing managers haven&#8217;t adjusted yesteryear&#8217;s top-dollar fees, Bloomberg says. <img loading=\"lazy\" decoding=\"async\" height=\"1\" width=\"1\" border=\"0\" src=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~4\/f91xoEMqV2I\" \/><\/p>\n<p><strong><a title=\"Read Complete Article\" target=\"_blank\" href=\"http:\/\/dealbook.blogs.nytimes.com\/2009\/08\/03\/despite-pressure-hedge-funds-resist-reducing-fees\/\">Read Complete Article<\/a><\/strong><\/p>\n<p><strong><a title=\"Read Complete Article\" target=\"_blank\" href=\"http:\/\/dealbook.blogs.nytimes.com\/2009\/08\/03\/despite-pressure-hedge-funds-resist-reducing-fees\/\"><\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Times &#8211; Despite the industry&#8217;s record losses in 2008, hedge funds generally aren&#8217;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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[310,64,78,9537,11708,2222,14867,4504,8972,170,4291,717,4654,11183,14309,7110,14868],"class_list":["post-11167","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-100-million","tag-bloomberg","tag-commitments","tag-concessions","tag-hedge-funds","tag-hedge-fund-managers","tag-industry-dinner","tag-investors","tag-larry-powell","tag-money-managers","tag-new-york-times","tag-periods","tag-record-losses","tag-rsquo","tag-top-dollar","tag-utah-retirement-systems","tag-yesteryear"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11167"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11167\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}