Multistrategy funds have upended the 2/20 fee structure
Clients received 41 cents of every $1 made by multistrategy funds that passed on all their costs last year, down from 54 cents in 2021 according BNP Paribas SA. , reflecting a startling new reality where the most popular funds effectively have a blank check for expenses, introducing pass-through fees that allowed them to charge clients for bonuses, research, entertainment or other expenses.
See the article on Bloomberg here:
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