Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information.
Saturday, 10 December 2016
Last updated 1 day 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.