Hedge Fund News From HedgeCo.Net

Novel Concept is Not So Novel: Hedge Fund Charges Flat 1.25% Fee

What’s the old saying about imitation and flattery? Bloomberg News’ Kelly Bit has the scoop on a former Bridgwater Associates hedge-fund analyst whose new fund has no performance fee — just a flat management fee of 1.25% of assets.

If it sounds a lot like what mutual fund do, well, that’s because it is:

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