These competitive money pools typically charge as little as a quarter of the levy and often don't demand a share of the profits.
Sat, May 21, 2016 - 5:50 AM
IMPACT OF SLASHED FEES: Goldman Sachs's ActiveBeta Emerging Markets Equity ETF now manages US$640 million compared with about US$20 million in September. Its US large cap equity ETF now manages more than US$500 million.
HEDGE funds, shrinking at the fastest pace since the financial crisis, face a challenge to their lucrative fee model: "smart beta" money pools that charge a quarter of the levy and often don't demand a share of the profits.