Friday, 24 October 2014
Last updated 14 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...