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Barrry Ritholtz: More On Performance Fees vs. Beta

TedTed
in The Bullpen
FYI: Yesterday, I discussed changes in the fee structure of hedge funds.

In researching for the column, I reached out to several different managers who employ a variation of straight up fees. Joel Greenblatt of Gotham Funds, Andrew Wellington of Lyrical Asset Management, and Eddy Elfenbein, who runs the AdvisorShares Focused Equity ETF (NYSE: CWS).

I (of course!) ran long, and the editors cut my blathering down to a more manageable 800 or so words. But some background of how this came about, along with a few things that did not make the final cut are worth sharing.
Regards,
Ted
http://ritholtz.com/2018/05/performance-fees-vs-beta/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+TheBigPicture+(The+Big+Picture)
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