Fees and Commissions Lower at Hedge Funds?
Traders Magazine, December 2004
Wall Street is bracing for lower hedge fund commissions. With last year shaping up as one of the worst on record for hedge fund returns, observers see hedge fund management fees coming under pressure. And if hedge funds are forced to cut their fees, they are likely to push for lower commissions from their brokers. "Hedge funds' returns, and therefore fees, will likely decline," states Citigroup Smith Barney analyst Ruchi Madan. "This will result in lower revenues for the securities industry."
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