Gulf fund managers under pressure to realign charges
Investors are pressing fund managers in the Gulf to realign their fee structures and bring further transparency, fund managers said. Fund managers have also started to witness pressure on the management as well as performance fees.
"We charge 20 per cent performance with a hurdle of eight per cent. This means we return eight per cent before we take 20 per cent of the profit. But we do it more due to global hedge funds," said Haissam Arabi, Fund Manager and Partner at Gulf Mena Alternative Investments.
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