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In association with Hedge Fund Intelligence |
Wasn’t it easier in the old days? Perhaps the memory plays tricks – and hedge funds were always this complicated. But in the early days of the industry, it was certainly the case that most strategies were relatively simple – being macro funds or other directional strategies such as CTAs, or long/short equity funds focusing on liquid, large-cap stocks.
Those were the days: management fees were low – usually 1% a year (not 1.5%
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