$11 billion ExodusPoint just made a concession on fees. It could be the start of a massive change for hedge funds' biggest names.ExodusPoint's new share class requires beating T-bills for performance fees, signaling a reaction to market dynamics and a shift in hedging strategies.
Why $3 billion Crestline Summit believes it's different from the 'indentured servitude model' of its multimanager rivalsCrestline Summit is implementing cash hurdles in performance fees as part of expansion strategies amid rising interest rates.
$11 billion ExodusPoint just made a concession on fees. It could be the start of a massive change for hedge funds' biggest names.ExodusPoint's new share class requires beating T-bills for performance fees, signaling a reaction to market dynamics and a shift in hedging strategies.
Why $3 billion Crestline Summit believes it's different from the 'indentured servitude model' of its multimanager rivalsCrestline Summit is implementing cash hurdles in performance fees as part of expansion strategies amid rising interest rates.