We are shocked...shocked. Reuters (UK) reports
that hedge fund managers pocketed 28.1
percent of profits generated by their funds over the past 18 years, new
research from London's Imperial College found.
The research, commissioned by KPMG and hedge fund industry
body the Alternative Investment Management Association, found investors' share
of annual profits delivered by hedge funds from 1994-2011 was 71.9 percent.
It also found funds delivered an average annual return of
9.07 percent from 1994-2011, compared with 7.27 percent from global
commodities, 7.18 percent from stocks, and 6.25 percent from global bonds…
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