We recently had the pleasure of speaking with our StockTwits colleague Leigh Drogen (@ldrogen) of Surfview Capital Management on StockTwits TV.  Recently Leigh had a blog post up declaring the “death of the hedge fund structure.” In light of what seems to be a resurgence in interest in hedge funds it made sense to discuss the costs (and benefits) of the private investment partnership structure.  We also discussed the parallels between the transparency inherent in social media and the new technology that allows managers to run separately managed accounts.  You can view the video in its entirety below:

Posts mentioned in the above video:

The hedge fund model emerged from the financial crisis largely intact.  (Abnormal Returns)

The ultra-wealthy are jumping back into hedge funds and other alternative investments.  (Wealth Report)

A new study that documents larger hedge funds having lower alpha.  (WSJ)

Another study showing that large funds deliver mostly beta for your buck.  (All About Alpha)

A former hedge fund manager wonders why investors are willing to pay high fees for beta.  (Dealbook)

Izzy Englander of Millenium Management doesn’t charge a management fee.  (Dealbreaker)

Seth Klarman is returning capital to investors.  (Clusterstock)

Hedge fund replication strategies are coming to the masses.  (Financial Adviser)

The hedge fund structure is dead.  (Leigh Drogen)

Update:  some additional comments from Leigh on the business side of the hedge fund world.   (Leigh Drogen)