Is It Time for Hedge Funds to Evolve?

Hedge funds that are charging a 20 % centa fee, they're really going to be charging a fee on what's truly value at it? And that will get measured in lots of different ways. In an equity world, tat might be alpha. A little bit harder in a strategy like sa distresse debt where maybe there's some correlation of high yel but the underlying activities so much different.

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