✂️💰 Stat of the Day: Much like their green, leafy brethren, hedge funds are no strangers to trimming a little something off the top. Globally, hedge funds have earned $3.7 trillion in profits since 1969 – nearly half of which ($1.8 trillion) has ended up back in their pockets in the form of fees, per a first-of-its-kind estimate from LCH Investments, a fund of hedge funds.

• LCH also found that hedge funds have taken back 50.4% of gains over the past two decades as their returns have slowed, up from ~30% of gains between 1969 and the early 2000s.

How it works: Hedge funds typically charge a fixed management fee set at 2% of total assets, in addition to keeping 20% of all profits as a performance fee in years where they make money. And when hedge funds lose money, their clients take the entire hit in addition to paying the fixed costs.

🤔 Did You Know? A 2016 study found that when healthy rats were given poop from humans with depression, the rats themselves also developed depression-like symptoms.

📰 Worth a Read: What's the secret to Denmark's happy work-life balance? → (BBC)