Tradex Cuts Currency Fund Fee

Jul 8 2010 | 12:06pm ET

Hedge fund fees remain under intense pressure from investors, with one winning a substantial cut from one Connecticut firm.

Fund of hedge funds shop Tradex has slashed the management fee on its Currency Fund by 25 basis points to 0.75%, HFMWeek reports. Tradex made the move following a request from an investor.

The cheaper currency fund will retain its weekly liquidity.

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