Friday, 21 November 2014
Last updated 48 min 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%.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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