Index providers deny Claim investors incur extra charges above advertised headline rates
Practitioners are criticising what they see as hidden fees in investable hedge fund indices, particularly the indices that use managed accounts on their platforms. Investors have fed more than $10bn into indices run by firms including HFR, Lyxor, and PlusFunds. But critics - perhaps surprisingly including some index providers themselves - contend investors in some investable indices incur extra fees over and above the 30-70bps index providers advertise as their headline rate. Chris Sugrue, chairman of PlusFunds, which itself provides investable indices based on S&P's Hedge Fund index, s...
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