The latest monthly BarclayHedge survey of hedge fund managers reveals that 36.6 per cent of survey respondents currently offer reduced or no fee alternatives to their investors and a further 20 per cent plan to offer lower or no fee products in the next three to six months.
“The hedge fund industry has been under pressure to offer lower fee alternatives for some time,” says Sol Waksman (pictured), founder and president at BarclayHedge. “We expect that these pressures will continue and that low or no fee products will continue to grow.”
The BarclayHedge survey was conducted between July 17 and July 28 and received 134 replies from a broad range of hedge funds managers.
Also in the survey, managers continue to favour equity markets as the asset class most likely to outperform and confidence in developed markets fell to the lowest level since 2013. Overall, managers are less positive on the US Dollar and Crude Oil but more bullish on Gold.
