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Our favorite stories making the news – 17 Feb

The Investment Association (IA), is proposing that funds should disclose at least six separate figures, including yearly charges, performance fees, transaction costs, financing costs and taxes, plus one-off charges such as entry fees …Asset management costs: gradually becoming more transparent

Hedge Funds in Europe are shutting down at the fastest-ever pace due to rising costs …European Hedge Funds close at record pace as higher costs, poor returns bite

According to AIMA last year, the Hedge Fund sector in the UK produced profits and income that generated an estimated GBP4 billion in tax receipts to HM Revenue and Customs, up from about GBP1.7 billion in 2009 …Tax paid by UK Hedge Fund industry at record levels