Tuesday, 16 September 2014
Last updated 11 hours ago
Feb 23 2009 | 12:55pm ET
Perry Capital, whose flagship hedge fund fell by about a quarter last year, is offering to slash its performance fee if investors agree to begin paying it again immediately.
Perry is offering to halve its performance fee on Perry Partners International to 10%, The Wall Street Journal reports. Investors who accept the deal would have to begin paying incentive fees again right away, in spite of the fact that the $8.3 billion fund has not posted a winning month since the end of 2007 and is well below its high water mark.
In exchange, investors will continue to pay the 10% fee until the fund has returned to its high water mark and then returned two and a half times its losses from fiscal year 2008.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?