Tuesday, March 3, 2009
Hedge fund investors want changes
In a recent article at The Australian, they look at the current problem hedge fund managers are facing. Investor boards, such as university endowments and foundation trusts, are demanding that there should be a change in the way hedge funds are operated. However, hedge fund managers are likely to agree to little changes, but not major movements, as they see themselves as major assets to the industry. Investors would like clearer rules on redemption rules and lower fees among other changes.