Half of the global investors surveyed by Bank of America's prime brokerage department plan to allocate more money to hedge funds this year, while 37% wanted no change.

Investors in hedge funds often gripe about high fees. A new report puts the problem in sharp relief.

Hedge funds have charged their investors $1.8 trillion in fees from 1969 to the end of December 2024, according to data from hedge fund investor LCH Investments on Monday. Over the past 55 years, hedge funds have kept roughly half of the money they make from trading profits,