for being based in new york, and ostensibly the nation's newspaper of record, the new york times, regularly (either through ignorance or malice, distorts the story
yes - if a hedge fund under-performs, investors still ended up paying a bunch of money for under-performance. I'm not sure what is surprising here.
As it relates to incentive fees, the issue that needs to be discussed is when is incentive calculated, is there a claw back, and is there a high-water mark?
Different funds' positions on these issues varies considerably, but its not some mysterious subject.
yes - if a hedge fund under-performs, investors still ended up paying a bunch of money for under-performance. I'm not sure what is surprising here.
As it relates to incentive fees, the issue that needs to be discussed is when is incentive calculated, is there a claw back, and is there a high-water mark?
Different funds' positions on these issues varies considerably, but its not some mysterious subject.