Friday, 28 August 2015
Last updated 17 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…