#HedgeFunds Are Keeping Over Half of Their Profits Through Customer…

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:

https://www.bloomberg.com/news/articles/2024-02-12/some-multistrategy-hedge-funds-keep-over-half-their-profits-via-customer-fees

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Top #HedgeFunds rake it in in 2023

Another banner year for the leading Hedge Fund managers!

Top #HedgeFunds rake it in in 2023

• Hedge Funds produced combined gains worth $218BN after fees, according to fund of hedge funds LCH Investments.

• Chris Hohn's TCI Fund Management made $12.9BN, followed by Ken Griffis' Citadel with $8.1BN, returning ~25% & ~14%, respectively.

• Top 20 firms, which oversee less than 20% of industry's assets, generated

#PE Is Piling on More Esoteric #Debt Like Never Before—and at PawnBroker Rates!

Some investors warn that buyout firms are borrowing at interest rates of as much as 19% and the risk of wider fallout is growing.