Innovation and imagination applied to hedge fund performance payments

Everyone agrees the current controversy over bonus payments has so far had little impact on hedge funds – mainly as a result of a startling lack of interest by the media in fees paid to fund managers. Nevertheless, it would be naive to believe the industry will not come in for attention, if only by investors keen to see a system that is linked more to their concerns than to rewarding the manager regardless of true performance. Various innovations are already being seen throughout the industry as