Thursday, 25 December 2014
Last updated 1 day ago
Feb 28 2014 | 10:16am ET
D.E. Shaw Group will reduce the management fee it charges on side pockets it set up seven years ago.
The New York-based firm will begin charging 1.75% on the illiquid portfolios in July, The Wall Street Journal reports. It is the second such fee cut in three years; in 2011, D.E. Shaw cut its management fee on all hedge funds to 2.5% from 3%.
It is unclear how much of D.E. Shaw’s $32 billion are held in side pockets.
Investors approved the separation of the private-equity-style investments in 2006. Among the assets in the portfolios are wind-energy, wireless-network and specialty-metal companies.
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.