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2013 Business Expense Benchmark Survey
Key Findings
4
Introduction and Methodology
6
A Tale of Three Industries
10
The Costs of Growing Larger
16
The Importance of the $10.0 Billion AUM Threshold
23
The Fund Chargeback “Smile”
28
The European “Premium” for Running a Firm
31
The APAC “Discount” for Running a Fund
34
Deep Dive: The Expense Impacts of Hedge Fund Regulation
39
Conclusion
45
Table of Contents