{"id":345431,"date":"2026-02-09T01:24:52","date_gmt":"2026-02-09T01:24:52","guid":{"rendered":"https:\/\/www.wacoca.com\/life\/345431\/"},"modified":"2026-02-09T01:24:52","modified_gmt":"2026-02-09T01:24:52","slug":"%e7%b1%b3%e3%83%98%e3%83%83%e3%82%b8%e3%83%95%e3%82%a1%e3%83%b3%e3%83%89%e3%81%b8%e3%81%ae%e9%96%a2%e5%bf%83%e3%80%8123%e5%b9%b4%e4%bb%a5%e9%99%8d%e3%81%a7%e5%88%9d%e3%82%81%e3%81%a6%e4%bd%8e%e4%b8%8b","status":"publish","type":"post","link":"https:\/\/www.wacoca.com\/life\/345431\/","title":{"rendered":"\u7c73\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3078\u306e\u95a2\u5fc3\u300123\u5e74\u4ee5\u964d\u3067\u521d\u3081\u3066\u4f4e\u4e0b\uff1d\u30d0\u30fc\u30af\u30ec\u30a4\u30ba | \u30ed\u30a4\u30bf\u30fc"},"content":{"rendered":"<div data-testid=\"primary-image\" role=\"figure\" aria-describedby=\"primary-image-caption\" dir=\"ltr\">\n<div data-testid=\"EagerImageContainer\" class=\"primary-image-module__image__D-Gwq\">\n<div class=\"styles-module__image-container__E0mCm styles-module__fill__Ft7kn styles-module__center_center__bzABO styles-module__apply-ratio__u0jXJ\" style=\"--aspect-ratio:1.4998125234345707\"><img loading=\"lazy\" decoding=\"async\" data-testid=\"EagerImage\" src=\"https:\/\/www.wacoca.com\/life\/wp-content\/uploads\/2026\/02\/Y6CTGI5FJZOJ3ECQCCBV5PT4HM.jpg\"   width=\"4000\" height=\"2667\" alt=\"&#x7C73;&#x30D8;&#x30C3;&#x30B8;&#x30D5;&#x30A1;&#x30F3;&#x30C9;&#x3078;&#x306E;&#x95A2;&#x5FC3;&#x3001;23&#x5E74;&#x4EE5;&#x964D;&#x3067;&#x521D;&#x3081;&#x3066;&#x4F4E;&#x4E0B;&#xFF1D;&#x30D0;&#x30FC;&#x30AF;&#x30EC;&#x30A4;&#x30BA;\"\/><\/div>\n<\/div>\n<p>\u5199\u771f\u306f\uff11\u6708\u3001\u30ed\u30f3\u30c9\u30f3\u3067\u64ae\u5f71\u3002REUTERS\/Maja Smiejkowska<\/p>\n<\/div>\n<div>\n<p>[\u30ed\u30f3\u30c9\u30f3 \uff16\u65e5 \u30ed\u30a4\u30bf\u30fc] &#8211; \u30d0\u30fc\u30af\u30ec\u30a4\u30ba\u306e\u5831\u544a\u66f8\u306b\u3088\u308b\u3068\u3001\u6295\u8cc7\u5bb6\u306e\u7c73\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u306b\u5bfe\u3059\u308b\u95a2\u5fc3\u304c\uff12\uff10\uff12\uff13\u5e74\u4ee5\u964d\u3067\u521d\u3081\u3066\u4f4e\u4e0b\u3057\u3066\u3044\u308b\u3002\u30c8\u30e9\u30f3\u30d7\u7c73\u5927\u7d71\u9818\u304c\u6628\u5e74\uff14\u6708\u306b\u5e83\u7bc4\u306a\u300c\u89e3\u653e\u306e\u65e5\u300d\u95a2\u7a0e\u3092\u5c0e\u5165\u3057\u3066\u304b\u3089\u3001\u300c\u7c73\u56fd\u58f2\u308a\u300d\u306e\u53d6\u5f15\u3092\u5de1\u308b\u8a71\u984c\u304c\u5f90\u3005\u306b\u5e83\u304c\u3063\u3066\u3044\u308b\u3053\u3068\u304c\u80cc\u666f\u3002<\/p>\n<p>\u8abf\u67fb\u306f\u6628\u5e74\uff11\uff11\u6708\u304b\u3089\uff11\uff12\u6708\u306b\u304b\u3051\u3066\u3001\u5408\u8a08\uff17\u5146\uff18\uff10\uff10\uff10\u5104\u30c9\u30eb\u306e\u8cc7\u7523\u3092\u904b\u7528\u3059\u308b\u6295\u8cc7\u5bb6\uff13\uff14\uff12\u4eba\u3092\u5bfe\u8c61\u306b\u5b9f\u65bd\u3057\u305f\u3002\u6b27\u7c73\u306e\u6295\u8cc7\u5bb6\u306f\u4eca\u5e74\u3001\u7c73\u56fd\u62e0\u70b9\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u306b\u5bfe\u3059\u308b\u6295\u8cc7\u6bd4\u7387\u3092\uff12\uff15\u5e74\u306b\u6bd4\u3079\u3066\uff15\uff05\u4f4e\u3044\u6c34\u6e96\u306b\u5f15\u304d\u4e0b\u3052\u308b\u3064\u3082\u308a\u3060\u3068\u8ff0\u3079\u305f\u3002\u4e00\u65b9\u3067\u3001\u30a2\u30b8\u30a2\u3084\u6b27\u5dde\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30b8\u30e3\u30fc\u306b\u5bfe\u3059\u308b\u8cc7\u91d1\u914d\u5206\u3092\u5f15\u304d\u4e0a\u3052\u308b\u8a08\u753b\u3060\u3068\u3044\u3046\u3002<\/p>\n<p>\u30a2\u30b8\u30a2\u30fb\u592a\u5e73\u6d0b\u5730\u57df\u62e0\u70b9\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u306b\u5bfe\u3059\u308b\u95a2\u5fc3\u306f\u4f4e\u8abf\u3060\u3063\u305f\uff12\uff14\u5e74\u306e\u6c34\u6e96\u304b\u3089\uff12\u500d\u4ee5\u4e0a\u306b\u9ad8\u307e\u3063\u305f\u3002<\/p>\n<p>\u7c73\u6295\u8cc7\u5bb6\u306e\u6b27\u5dde\u62e0\u70b9\u30d5\u30a1\u30f3\u30c9\u306b\u5bfe\u3059\u308b\u95a2\u5fc3\u3082\uff12\u500d\u4ee5\u4e0a\u3068\u306a\u3063\u305f\u3002\u6b27\u5dde\u306e\u6295\u8cc7\u5bb6\u306f\u6b27\u5dde\u306e\u30de\u30cd\u30b8\u30e3\u30fc\u306b\u5bfe\u3059\u308b\u8cc7\u91d1\u6295\u5165\u3092\u524d\u5e74\u3088\u308a\uff18\uff05\u62e1\u5927\u3057\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u3068\u7b54\u3048\u305f\u3002\u30a2\u30b8\u30a2\u62e0\u70b9\u306e\u30de\u30cd\u30b8\u30e3\u30fc\u306b\u5bfe\u3059\u308b\u95a2\u5fc3\u306f\u7d04\uff11\uff10\uff05\u9ad8\u307e\u3063\u305f\u3002<\/p>\n<div data-testid=\"ReutersGraphicImageGraphicContainer\" class=\"reuters-graphic-module__image-container__tSurO article-body-module__image-container__Y1fSv\">\n<div data-testid=\"Image\"><img decoding=\"async\" src=\"https:\/\/www.wacoca.com\/life\/wp-content\/uploads\/2026\/02\/1770600290_346_chart.png\" alt=\"Traditional hedge funds below 2% mgt and 20% performance fees but remain at historical highs\"\/><\/div>\n<\/div>\n<p>Traditional hedge funds below 2% mgt and 20% performance fees but remain at historical highs<\/p>\n<div data-testid=\"ReutersGraphicImageGraphicContainer\" class=\"reuters-graphic-module__image-container__tSurO article-body-module__image-container__Y1fSv\">\n<div data-testid=\"Image\"><img decoding=\"async\" src=\"https:\/\/www.wacoca.com\/life\/wp-content\/uploads\/2026\/02\/1770600291_265_chart.png\" alt=\"Hedge funds that pass through their expenses to their investors are sharing a little more\"\/><\/div>\n<\/div>\n<p>Hedge funds that pass through their expenses to their investors are sharing a little more<\/p>\n<p data-testid=\"Body\" dir=\"ltr\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__element__5eCce article-body-module__trust-badge__5mS3f\">\u79c1\u305f\u3061\u306e\u884c\u52d5\u898f\u7bc4\uff1a<a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.thomsonreuters.com\/en\/about-us\/trust-principles.html\" rel=\"noopener nofollow\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__small__sph8i link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">\u30c8\u30e0\u30bd\u30f3\u30fb\u30ed\u30a4\u30bf\u30fc\u300c\u4fe1\u983c\u306e\u539f\u5247\u300d, opens new tab<\/a><\/p>\n<div data-testid=\"AuthorBio\" class=\"article-body-module__element__5eCce\">\n<div class=\"author-bio-module__author-wrapper__0yxtX\"><a data-testid=\"AuthorBioImageLink\" class=\"author-bio-module__author-image__jcaG3\" href=\"https:\/\/jp.reuters.com\/authors\/nell-mackenzie\/\" referrerpolicy=\"no-referrer-when-downgrade\" tabindex=\"-1\" rel=\"nofollow noopener\" target=\"_blank\"><\/p>\n<div data-testid=\"AuthorBioImage\" class=\"author-bio-module__image__JYfQ0\"><img decoding=\"async\" src=\"https:\/\/www.wacoca.com\/life\/wp-content\/uploads\/2026\/02\/https:\/\/author-service-images-prod-us-east-1.publishing.aws.arc.pub\/reuters\/0ae2ece1-226f-497d-8ffc-.jpeg\" alt=\"Nell Mackenzie\"\/><\/div>\n<p><\/a><\/div>\n<p data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__extra_small__8Buss body-module__base__o--Cl body-module__extra_small_body__Bfz20 author-bio-module__description__9ynkB\">Nell Mackenzie covers hedge funds, their performance and what their trades tell us about financial markets and money flows in the wider economy. She is also a regular guest on Reuters Morning Bid Podcast. She has written in the past for the BBC, Dow Jones, Risk.net, the Times and Business Insider. Nell has also made long-form feature podcasts for Euromoney.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u5199\u771f\u306f\uff11\u6708\u3001\u30ed\u30f3\u30c9\u30f3\u3067\u64ae\u5f71\u3002REUTERS\/Maja Smiejkowska [\u30ed\u30f3\u30c9\u30f3 \uff16\u65e5 \u30ed\u30a4\u30bf\u30fc] &#8211; \u30d0\u30fc\u30af\u30ec\u30a4\u30ba\u306e\u5831\u544a\u66f8\u306b\u3088\u308b\u3068\u3001\u6295\u8cc7\u5bb6\u306e\u7c73\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u306b\u5bfe\u3059\u308b\u95a2\u5fc3\u304c\uff12\uff10\uff12\uff13\u5e74\u4ee5\u964d\u3067\u521d\u3081\u3066\u4f4e\u4e0b\u3057<\/p>\n","protected":false},"author":2,"featured_media":345432,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[156929],"tags":[48566,156971,156949,156950,156951,157845,157846,157847,157848,156980,156956,157849,156957,156995,156713,156714,16254,156974,158538,156972,156958,157737,156959,156983,157474,44497,158539,157475,156960,88176,156961,157476,156697,156698,156699,156978,156973,156966,157739,157735,156703,156704,156686,117596,156708,156970,158540,15363],"class_list":{"0":"post-345431","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investment","8":"tag-us","9":"tag-amers","10":"tag-bact","11":"tag-bisv","12":"tag-biz","13":"tag-bnk","14":"tag-bnks","15":"tag-bsvc","16":"tag-cdm","17":"tag-cen","18":"tag-cmpny","19":"tag-corpd","20":"tag-dbt","21":"tag-destnojpbsm","22":"tag-destnojptpm","23":"tag-destnojpztm","24":"tag-eco","25":"tag-emea","26":"tag-eqb","27":"tag-europ","28":"tag-fin","29":"tag-finreg","30":"tag-fins","31":"tag-frx","32":"tag-fund","33":"tag-gb","34":"tag-hedge","35":"tag-int","36":"tag-invbis","37":"tag-investment","38":"tag-invm","39":"tag-invman","40":"tag-jfor","41":"tag-jln","42":"tag-mce","43":"tag-mtpix","44":"tag-namer","45":"tag-pve","46":"tag-regs","47":"tag-rsbiregulatory-oversight","48":"tag-stx","49":"tag-topcmb","50":"tag-topnws","51":"tag-toshi","52":"tag-trn","53":"tag-weu","54":"tag-wlth","55":"tag-15363"},"share_on_mastodon":{"url":"https:\/\/wakoka.com\/@life\/116038070735740513","error":""},"_links":{"self":[{"href":"https:\/\/www.wacoca.com\/life\/wp-json\/wp\/v2\/posts\/345431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wacoca.com\/life\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wacoca.com\/life\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wacoca.com\/life\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wacoca.com\/life\/wp-json\/wp\/v2\/comments?post=345431"}],"version-history":[{"count":0,"href":"https:\/\/www.wacoca.com\/life\/wp-json\/wp\/v2\/posts\/345431\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wacoca.com\/life\/wp-json\/wp\/v2\/media\/345432"}],"wp:attachment":[{"href":"https:\/\/www.wacoca.com\/life\/wp-json\/wp\/v2\/media?parent=345431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wacoca.com\/life\/wp-json\/wp\/v2\/categories?post=345431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wacoca.com\/life\/wp-json\/wp\/v2\/tags?post=345431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}