Tuesday, 29 July 2014
Last updated 2 hours 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%.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…