SEC Chief has hedge fund fee structure in his crosshairs
A former Goldman Sachs executive is amazed that the hedge fund 2-and-20 fee model is still being used, and wants to use his current role as head of the Securities and Exchange Commission, to change that.
by ben bain, bloomberg
Gary Gensler, whose resume includes a stint at Goldman Sachs Group Inc., says he's amazed that the hedge fund 2-and-20 fee model has prevailed in the decades since he left Wall Street. In his current gig leading the Securities and Exchange Commission, he's signaling he wants to change that.
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