Highlights of the August issue include a close look at fee structures, investment flows into hedge funds, an in-depth interview with prime broker Jefferies and the Channel Islands supplement.

As the hedge fund industry absorbs the changes caused by the recent financial turmoil managers are finding investors are more demanding than ever. Hedge Funds Review outlines the changes to fee structures caused by investor demand for flexibility.

Negative returns in May and June 2010 have not prevented the hedge fund industry from delivering over and above the equity markets. Investors are rewarding funds with capital, but the focus remains at the top end with more inflows into the very large funds.

An interview with Jefferies reveals 2009 was the US bank's best year ever for prime brokerage as it won 150 new mandates. Specialising in small and mid-sized hedge funds, the brokerage is positioned to capitalise on an expected flurry of fund launches.

A detailed look at the Channel Islands supplement examines Guernsey and Jersey's positions on increased oversight of the alternatives industry, European Union legislation, and the jurisdictions' prospects for growth.