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[quote=Anonymous]Ha! Good for you if you work there. There are very few HFs that can get 3/30. Even 2/20 is becoming more rare if the investor has scale. I know the HF industry quite well, and there are maybe 3-4 funds that have been able to justify 3/30 over time. But you've missed the point ... people using retail advisory aren't investing in HFs, and if they are, they are getting bad advice because they certainly aren't getting access to the very few funds that are worth the fees. Paying 2% for advisory is foolish.[/quote]
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