Hedge Fund Legend Says the Industry Is Facing the Most Difficult Era Ever

  • Longtime manager says ‘2 and 20’ structure isn’t sacrosanct
  • Industry can help shield portfolios in coming bubble, he says

Julian Robertson: Hedge Funds Face Most Difficult Era

Hedge funds are facing the most challenging time Tiger Management’s Julian Robertson said he’s seen in an investing career spanning several decades, and the industry pioneer cautioned that their days of charging hefty fees may be over.

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