Former Bridgewater Traders Offer New Fee Plan

A new hedge fund, combining systematic and discretionary trading methods, is also launching a simple flat fee structure to boot. Former Bridgewater traders discuss management fees Convoy Investments, LLC, launched by Howard Wang, a former Bridgewater Associates analyst, and Robert Wu, who worked in the technology department at the same uncorrelated investment hedge fund, will charge a flat rate management fee of 1.25 percent and will not charge a performance fee. While it is common for hedge funds to charge a 2 percent management fee and take close to 20 percent of the trading profits, hedge funds across the board…