A 250% jump in a South Korean spicy instant noodle maker’s stock helped some hedge funds ride out Asia’s worst performing market last year. And they are betting that the stock will extend its gains in 2025.

Of the $3.7 trillion in profits they have earned as an industry since 1969, nearly half or a staggering $1.8 trillion was gobbled up as fees, according to estimates by LCH Investments, a fund of hedge funds. With soaring assets, hedge funds have raised their charges to 50.4% of gains, up from the roughly 30% they earned until the early 2000s.

After hedge funds closed out 2024 with double-digit annual gains and strong alpha, new data shows managers' fees are taking a growing slice of gains.

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,

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