Finance
Hedge Funds Kept $1.8 Trillion as Fees, or Half Their Gains
- Fees have soared this century to 50.4% of gains: LCH research
- D.E. Shaw, Millennium, Citadel made the most money last year
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Hedge funds have long been regarded as notoriously expensive. New research reveals just how costly they truly are for their clients.
Of the $3.7 trillion in profits they have earned as an industry since 1969, nearly half or a staggering $1.8 trillion was gobbled up as fees, according to estimates by LCH Investments, a fund of hedge funds. With soaring assets, hedge funds have raised their charges to 50.4% of gains, up from the roughly 30% they earned until the early 2000s.