Summary
NEW YORK (HedgeWorld.com) - On the verge of moving to a hedge fund himself, Morgan Stanley chief investment strategist Byron Wien finds it surprising that unknown new managers charge higher fees than long-established firms.
He expects there will be downward pressure on fees. Speaking at a symposium organized by Ernst & Young, he pointed out that hedge funds underperformed the equity market in 2003 and again in 2004.See the full content of this document
Extract
Morgan Stanley Economist Assails High Fees
This year the funds are doing better than stocks but returns remain modest. October...
See the full content of this document
Sponsored links
