The alternative investment industry is full of alternative thought. Take Albourne Partners, the London-based hedge fund advisor who is often at odds with the hedge funds they recommend to clients. In a December report to investors reviewed by ValueWalk, the consultancy, which advises nearly $400 billion in institutional assets, is addressing a sore spot for fund managers and allocators alike: the “2-and-20” hedge fund fee structure.
Q3/Q4 2016 Hedge Fund Letters


