Investment platform TPP has released its 2025 Year in Review, raising an uncomfortable question for the hedge fund industry: are investors still getting value for their money?
For decades, hedge funds have been touted as the ultimate in investing, with promises of exclusive access, sophisticated strategies, and superior returns. However, the past year has exposed a growing issue with these elite funds.
Despite charging exorbitant fees, many hedge funds have delivered inconsistent and opaque performance, making it difficult for investors to justify the costs. This has led to a rise in new investment platforms challenging the long-held belief that hedge fund-style performance must come with high fees, lock-ups, and secrecy.
One such platform is TPP, a UK-based active investment platform that has just released its 2025 Year in Review. The review compares TPP’s own strategy performance against global benchmarks and, in some cases, against well-known hedge fund approaches. The results beg the question: why pay high fees for comparable performance when there is a radically different model available?
TPP’s 2025 review shows that its performance stacks up remarkably well against elite active managers, but without the traditional hedge fund drawbacks. The platform operates on a fully transparent, subscription-based model, allowing investors to retain control of their capital through Interactive Brokers and see every trade in real-time.
Founder Lane Clark emphasizes that transparency is not an add-on, but rather the core of TPP’s model. “For years, investors were told that complexity, secrecy, and high fees were the price of superior performance. 2025 challenged that belief. Investors are starting to ask a very reasonable question: what am I actually paying for?”
With rising interest rates, volatile markets, and sideways equity performance, fees are becoming an important consideration for investors. TPP’s strategies, particularly its “Long or Flat” portfolios, were designed to perform in markets that gyrate, stall, and frustrate traditional passive investors. “The real value of active management shows up when markets are volatile, choppy, or flat. That’s where cost, flexibility, and execution make the difference,” says Clark.
While TPP was initially positioned as an alternative to traditional wealth managers and IFAs, their 2025 review suggests that the platform may now be encroaching on territory once considered untouchable. By offering hedge-fund-style active management with lower costs, full transparency, and accessibility for everyday investors, TPP is challenging the notion that elite performance must remain exclusive.
The growing sophistication of retail investors is another factor contributing to this shift. They are comparing fees, questioning net returns, and demanding transparency. As a result, they are becoming less willing to accept opaque structures simply because “that’s how it’s always been done.”
TPP’s 2025 review may not have all the answers, but it poses a question that the industry can no longer ignore: if comparable outcomes are possible with lower fees, full transparency, and no lock-ins, why wouldn’t investors demand it?
About TPP:
TPP is a UK-based active investment platform that offers transparent, subscription-based access to professionally managed strategies. Designed to outperform benchmarks while maintaining flexibility and accountability, TPP gives investors full visibility and control over their capital. To learn more, read the full 2025 Year in Review at https://www.tppglobal.io/market-commentaries/2025-a-year-in-review.
