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Parts of former trader’s accusations revealed in $74M suit

High fees are not shocking in this industry, said Fairfield University Finance Professor and Gerald Levin Endowed Chair Gregory Koutmos. He said hedge funds charge high fees presumably because they generate high returns. Koutmos said most hedge funds do not specialize in particular securities, but move in and out of different investments. He said they are actively managed funds trading often based on strategies that attempt to exploit inefficiencies in a market or time a market moving event.

Published in Stamford Advocate, Connecticut Post, Danbury News Times, Greenwich Time on 02/17/2011

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