The Golden Era of Hedge Funds Draws to a Close With Clients in Revolt
- The million-dollar question: Who will keep earning 2 and 20?
- Clients revolt as traders get rich on management fees
The Year Big Money Ditched Hedge Funds
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Drinks flowed as hedge fund titan Robert Mercer, dressed as Mandrake the Magician, partied with Donald Trump, dressed as, well, Donald Trump.
The occasion that early December evening was Mercer’s 2016 holiday costume party, an intimate gathering of 250 at his Long Island estate. This year’s theme: “Villains and Heroes.”