The majority of hedge fund investors expect fees to remain unchanged this year according to a new survey, despite outspoken objections to high charges from alternatives stalwarts such as the California Public Employees' Retirement System.

The report from Goldman Sachs found 81% of investors surveyed expect fees to stay at the same levels, with only 7% expecting fees to increase. Last month, Russell Read, chief investment officer of Calpers said he was losing patience with hedge funds' high fees and could find similar returns far more cheaply.