{"id":63640,"date":"2018-05-11T00:23:30","date_gmt":"2018-05-11T04:23:30","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=63640"},"modified":"2018-05-11T00:23:30","modified_gmt":"2018-05-11T04:23:30","slug":"a-hedge-fund-fee-plan-that-only-charges-for-alpha","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2018\/a-hedge-fund-fee-plan-that-only-charges-for-alpha.html","title":{"rendered":"A Hedge-Fund Fee Plan That Only Charges for Alpha"},"content":{"rendered":"<p>(Bloomberg) One of my biggest criticisms of the hedge-fund industry has been the mismatch between fund performance and management fees. A traditional fee structure of \u201c2 and 20\u201d (a 2 percent management fee plus 20 percent of any gains) is both expensive and, truth be told, unnecessary. Expensive, because one can capture market-average returns, or beta, for a few basis points in fees in a low-cost mutual fund or exchange-traded fund; and unnecessary because investors end up paying a 20 percent surcharge for beta rather than out-performance, or alpha. <\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/view\/articles\/2018-05-09\/a-hedge-fund-fee-plan-that-only-charges-for-alpha\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) One of my biggest criticisms of the hedge-fund industry has been the mismatch between fund performance and management fees. A traditional fee structure of \u201c2 and 20\u201d (a 2 percent management fee plus 20 percent of any gains) is [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-63640","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/63640","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=63640"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/63640\/revisions"}],"predecessor-version":[{"id":63644,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/63640\/revisions\/63644"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=63640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=63640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=63640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}