Are there any surveys/articles related to the operational and research
cost of Buy-side firms, i.e., asset management firms such as Mutual
funds, Hedge funds, Institutional money management firms?. These firms
usually charge 1% as administrative fee to their clients for managing
the money. But where this 1% is spent. I know the answer in general. I
am looking for specific studies, surveys or an expert’s detailed
estimate on the operational and research cost of money management
firms.