Hedge Fund Investors Angry Over Rising Fees and Declining Returns

Some big investors in the US are getting angry at hedge funds.

These funds charge fees called 'passthrough fees' that cover all sorts of expenses, like rent and salaries, on top of their usual fees.

This means investors get less money back.

Big investors, like pension funds, are starting to say no to funds with high fees.

They want to keep more of the profits.

Because fund returns aren't as high as before, investors are carefully checking how much they're paying.

Some funds are making very little money for their investors after fees are taken out.