Changing times

Several interesting influences and trends are present. And while there is a lot of talk it is not always clear if that has or will translate into reality.

First is the question of fee structure. At the start of the year the general consensus seemed to point to a radical change in fee structure with some predicting more a private equity-style look to hedge fund fees. That has clearly not happened. However, there is obviously something going on with fees. It is obvious investors will continue to p