Why Hedge Fund Fees Scuk* | ACRIMONEY, The Wild Wild World of Wealth

A few days ago I came across a terrific post by Terry Smith on his blog, Straight Talking. Using Warren Buffett's investment returns, he illustrates why the two-and-twenty standard is egregious. Hedge funds win disproportionately when they charge 2 percent on assets and keep 20 percent of the profits. Here's what Smith writes: