Hedge Funds Leave U.S. Pensions With Little to Show for the Fees

  • Fortress, Bain among companies that shuttered funds in 2015
  • With 0.4 percent gain, firms set for worst year since 2011

Here’s what U.S. state and city pension funds are getting this year for the hundreds of millions of dollars in fees they’re forking over to hedge funds: almost nothing.

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