After losing an average of 19% last year and charging investors management fees of 2% plus incentive fees of 20% or more, investors are beginning to protest, The Wall Street Journal reports. And with assets languishing, it’s more than likely that hedge funds will cut fees to attract assets and keep investors at least moderately happy.

In return for lower fees, however, some hedge funds are asking for longer lock-up periods. Conversely, some hedge funds are making concessions on lock-up periods but sticking with their high fees. One such hedge funds is SAC Capital; instead of a three-year lock-up period, it has started to permit investors to access their money every quarter. Fees, however, are staying at 3% for management and 50% of performance.

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