A fund could simply pick a tradable benchmark like the S&P 500 and short it against its stock picks. Then the investor would pay only on the difference. There's plenty of long-short funds that are essentially flat the market.
Depends on what you're after. You might be touting your ability to guess the market as a whole, in which case absolute return would be a reasonable target. Or you claim to be able to beat the market, in which such a scheme makes sense.
Depends on what you're after. You might be touting your ability to guess the market as a whole, in which case absolute return would be a reasonable target. Or you claim to be able to beat the market, in which such a scheme makes sense.