High cash holdings debate heats up

High cash holdings in hedge fund portfolios are sparking more debate on whether annual management fees should be charged on funds that are not being actively managed.The hedge fund world is about preventing losses more than making gains, according to Alexander Ineichen, managing director, head of equity derivatives research, UBS Warburg.Returns are better in the hedge fund universe than traditional investing because of lower elasticity on the downside, he told a recent hedge fund conferen