Hedge funds could be hit with higher brokerage fees

Poor performance by hedge funds has driven some brokerage firms to reduce services to the funds, including financing, the Wall Street Journal reported today.
FEB 17, 2009
Poor performance by hedge funds has driven some brokerage firms to reduce services to the funds, including financing, the Wall Street Journal reported today. Industrywide, hedge funds lost an average of 13.5% in 2008. But according to the report, some funds that suffered severe redemptions and poor performance are likely to be cut off by the brokerage industry. Depending on the level of the cuts, the $1 trillion hedge fund industry could further consolidate as a result, the Journal reported.

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