Thursday, 7 May 2015
Last updated 12 hours ago
Jun 2 2011 | 1:37pm ET
Amundi Asset Management will cut fees on its hedge fund products.
The French firm said it was reviewing the fee structure of its €14 billion in absolute-return products, the value at risk range of funds, Reuters reports. Those funds currently charge a 30% performance fee with a hurdle, as well as management fees of between 0.3% and 1.1%.
"We're currently rethinking the repricing of all our absolute return products," Laurent Crosnier, CEO of Amundi London, said yesterday. "We are looking at the market and where the competition is and where the current pricing is."
"We will come to the market soon with competitive pricing," he promised.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…