New Tudor Share Class Offers Lower Management Fee, Higher Performance Fee

Aug 24 2011 | 12:52pm ET

Tudor Investment Corp. is set to introduce a new fee structure for clients that will allow them to choose how to pay levies among the industry's highest.

The Greenwich, Conn.-based firm will unveil a new share class of its flagship BVI Global Fund early next year. Clients who choose to move their assets to the new share class will pay a 2.75% management fee, down from the current share class's 4%. But they'll also pay a 27% performance fee, up from the current 23%, The Wall Street Journal reports.

Tudor's other hedge funds, including its quantitative Tensor fund, are not following suit with new fee structures.

BVI Global is up about 1.1% this year, thanks to a 3.2% jump this month—a month that has seen most hedge funds lose significant ground.


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