Asia Pacific, Asset Managers, Fund Managers, Global Investment, Hedge Funds, News

Three Hedge Funds Give Up Old Fee Model

Three Hedge Funds Give Up Old Fee Model

Three Asian hedge funds are moving away from from the old fee model known as the 2-and-20 model. Kit Trading Fund, Noviscient and Gordian Capital Singapore Pte Ltd, all based in Singapore are the firms that are starting to do away with the 2% management fee and 20% of all profits.

“Kit Trading Fund, Noviscient and Gordian Capital Singapore Pte Ltd, all based in Singapore are the firms that are starting to do away with the 2% management fee and 20% of all profits.”

~ Bloomberg

Noviscient is going to start to a fund that will not charge any management fees and absorb the first 5% of annual investment losses. Gordian will only take a performance fee if return exceed a certain benchmark and Kit Trading has lower than average fees.

Related Reports: Bloomberg

 


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