Feb
28
Even Hedge Fund Royalty Comes Under Pressure Over Fees
ByEven hedge fund royalty isn’t immune to weak performance.
Paul Tudor Jones’s $10 billion firm, Tudor Investment Corporation, is cutting fees to 1.75 percent of assets and 20 percent of gains, according to The Wall Street Journal. That is a bit less than the archetypal “2 and 20” — fees of 2 percent of assets under management and 20 percent of a fund’s annual gain — but it is still above the industry average…
Even Hedge Fund Royalty Comes Under Pressure Over Fees
