Jonathan Harris, president of Alternative Investment Management LLC, a New York-based investment-management firm that allocates money to hedge funds, says he asks prospective fund managers to break out the list of expenses listed in the investor documents.

WSJ: SEC Digging Into Fund Fees

"I see a lot of tailwinds for the rally to continue, " said Jerry Harris, chief investment officer of the asset-management arm of Birmingham, Ala.

WSJ: Stocks Pare Gains