Saturday, 28 March 2015
Last updated 1 day ago
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%.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…