Index fees: what you don't know could hurt you

In the lightly regulated world of hedge fund investing, investors place a great deal of trust in the fund manager. They trust the manager will do everything possible to make the fund perform well, the manager will pursue ethical business practices, and that the fund will act in the best interests of all investors. However, with the rise of hedge fund index-tracking products and managed-account platforms, underlying managers have to be trustworthy, and index operators and managed-account