Michael Peltz, editor of Institutional Investor, discusses whether hedge fund managers are really delivering good enough results to justify two percent management fees and 20 percent performance fees, with Steven Algert, J. Paul Getty Trust managing director of investments; Clifford S. Asness, AQR Capital Management managing and founding principal; Jonathon S. Jacobson, Highfields Capital Management, LP, founder and CIO; and Ted Seides, Protege Partners, LLC, managing director and co-founder.