Ramius Offers To Cut Fees

Oct 23 2008 | 1:18pm ET

Ramius Capital has become the latest hedge fund offering investors a break on fees in an effort to hold on to assets.

The firm said it would cut its performance fee from 20% to 15% for investors who agree to stay put, with the fee reduction remaining in effect for the new two years, HedgeFund.net reports. What’s more, clients who invest more money with the $11 billion firm will pay no incentive fees at all on the new investment until the beginning of 2010. After that, the rate will rise to 10% and then 15% at the end of 2001.

Ramius is one of many hedge funds suffering through the freeze of Lehman Brothers Holdings’ prime brokerage assets. In a worst-case scenario, Ramius said its exposure could be as high as 5.23%.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...