Hedge funds across the globe are cutting their management fees as they struggle to attract investors in the face of weak returns, industry data shows.
U.S.-based Caxton Associates this week became the latest firm to tell investors it would reduce its fees, joining the likes of Och-Ziff Capital Management and Tudor Investment, which have also cut charges this year.
These recent, high-profile examples are not isolated cases though, and reflect a wider global trend in place for several years, data compiled from more than 2,600 funds in Europe, the Americas and Asia shows.
