Link to FT article with quote from Andrew BeerTraditional ‘2 and 20’ fees are becoming outdated as managers seek to keep investors happyby: Lindsay Fortado — December 22, 2016Excerpt:The willingness to negotiate on fees shows how the longstanding 2 and 20 formula for hedge fund fees is becoming outd...

Investors bear the risks and managers reap the rewards, says Beachhead’s Andrew Beer.The average hedge fund earns 1.67 per cent in management fees and is paid 18 per cent of investment profits annually. Over the past ten years, investors paid away half of pre-fee returns. Even more troubling is the ...