Hedge fund manager quits in protest of doubling fees

Swedish fund company Pacific Fonder has lost fund manager Eric Strand, as he has resigned following the fund's introduction of a new fee structure, potentially doubling fixed fees for investors. Pacific Fonder management tells a different story.

A profiled hedge fund manager from Swedish fund company Pacific Fonder has decided to quit. According to Swedish media, the decision to leave is considered a protest against Pacific Fonder's new fee structure.

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