Opinion: Are asset owners losing patience with hedge fund fee structures?
A coalition of institutional investors are demanding hedge funds adopt cash hurdles on incentive fees. Will this lead to a fairer system or stifle innovation?
A coalition of powerful pension funds led by the Teacher Retirement System of Texas, and including global giants like Korea Investment Corporation (KIC), Singapore’s GIC and Canada's CDPQ, took aim at the hedge fund industry, demanding the adoption of cash hurdles on incentive fees.
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