The hedge fund fee is a major issue in 2016. Woe is the hedge fund manager in 2016, the year the passive investing gods began to violently vent their anger on high fees without performance. The toll this new market environment is taking on fund managers can be seen in the stories of a start-up hedge fund boasting significant star power and a one-time shining established star. Both are reported cutting fee deals most notable for their flexibility on collecting fees.

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