Hedge Fund News From HedgeCo.Net

D.E. Shaw is to Buck Industry Trend With 3-and-30 Fees

(Bloomberg) The New York-based investment firm is reverting to a fee model that it held for the better part of the 2000s, according to a person with knowledge of the matter. The new structure will charge 3 percent of assets and 30 percent of profits and will take effect at the start of next year…

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