Thursday, 18 December 2014
Last updated 11 min 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.