Another Hedge Fund Study Arrives Amid Industry Fee Shift

When Seward & Kissel, the law firm that claims the longest track record servicing the hedge fund industry since the industry’s founding with A.W. Jones in 1949, released the sixth edition of its New Hedge Fund Study, it did so at an interesting moment in hedge fund history. With fund managers generally underperforming stock market benchmarks yet earning tidy sums for their efforts, the study provides insight into how fund managers are coping.

Hedge funds adjust strategies amid growing beta benchmark tied to performance

The most meaningful finding, according to study author Steve Nadel, was the increased percentage of fund managers using non-equity-based strategies. Hedge funds using non-equity strategies jumped nearly...