Sunday, 1 February 2015
Last updated 2 days ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…