[princetontiger]

Agreed

I am in the hedge fund industry, so I see this first hand.

The media loves the "2&20" phrase, but fund managers now proffer lower and lower management fees in order to close funds.

Most of the top hedge funds charge 1.50% today, and newer funds bear lower management fees.

[antr]

Agree. I've even seen some top funds with lower management fees, but it is very very tough to get in as an LP.