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 . . .
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