How The Mighty Have Fallen

Hedge funds and hedge fund managers are considered to be the elite of the investment world and as a result of their exalted status they are able to charge fees that many consider to be over the top. The average hedge fund charges 2% of the assets and 20% of the investment profits.  Currently, there is $2.5 trillion invested in hedge funds which means that in 2012 the hedge fund industry received $50 billion in management and performance fees. However, the financial environment following...