|Day's Range||44.16 - 44.20|
|52 Week Range||41.10 - 44.32|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.95%|
At this year’s SkyBridge Alternatives (SALT) conference, Pershing Square Capital Management CEO William Ackman was asked about the state of the hedge fund industry, which has been under siege due to its high fees and disappointing performance. If it’s not a high-return strategy, you have to compromise on fees.” Hedge funds have a lot of compromising to do. With returns like that, the typical fee of 2% of assets under management and 20% of gains will have to come down, Ackman said.
Given the solid performance, the appeal of investments like hedge funds returned.
Investors withdrew more than $25 billion last month from hedge funds at a time when many insiders are claiming the industry is "under assault." According to Bloomberg Gadfly's Christopher Langner, ...