对冲基金管理费历史最低 Hedge funds may continue to share the long-term pricing pressure affecting the broader asset-management industry, in our view. Management fees on existing funds fell 1 bp to 1.37% in 2Q, with an average 16.37% incentive fee down 3 bps, each to the lowest levels since HFR began tracking them in 2008. For newly launched funds, fees improved from 1Q and 2019, but remain below 2018 levels, with management fees also below industry averages.
Management fees on newly launched funds averaged 1.27%, up from 1.14% in 4Q, and 1.22% in 2019 though below the 1.29% in 2018. Incentive fees were 17.6%, up from 17.16% in 1Q and 17.44% in 2019, though still below the 17.9% in 2018. Fee data for 2Q is the most recent available.
Management fees on newly launched funds averaged 1.27%, up from 1.14% in 4Q, and 1.22% in 2019 though below the 1.29% in 2018. Incentive fees were 17.6%, up from 17.16% in 1Q and 17.44% in 2019, though still below the 17.9% in 2018. Fee data for 2Q is the most recent available.