Asian Hedge Funds Changing Tactics
In an interesting new approach, Asian hedge funds that are starved for capital are starting to allow clients more control over their investments. These managed accounts are creating a lifeline for funds in the area, who would otherwise be too small to get institutions who are large investors in the industry.
As it might be of interest to hedge fund leaders like Corey Ribotsky, the hedge funds might charge less than the 2% management fee and 20% performance fee that is usually taken from clients.
As Gautam Prakash, founder of U.S.-based hedge fund Monsoon Capital said, “As a manager trying to grow a new strategy, you do whatever it takes to get capital.”
Learn more about this plan here.
