In Niki Natarajan's article Re-defining Hedge Fund Fees for Investment & Pension Europe, Managing Partner, Patrick Ghali, commented that when it comes to hedge fund fees that “If fees are high but the risk-adjusted net returns are higher than a fund with lower fees, one would expect to select the higher returning fund on a risk-adjusted basis. This, however, is not always the case and some investors literally prefer to leave returns on the table for lower fees,”
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