{"id":43417,"date":"2014-08-06T07:40:24","date_gmt":"2014-08-06T11:40:24","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=43417"},"modified":"2014-08-06T07:40:24","modified_gmt":"2014-08-06T11:40:24","slug":"ex-bridgewater-analyst-wang-starts-no-fee-hedge-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2014\/ex-bridgewater-analyst-wang-starts-no-fee-hedge-fund.html","title":{"rendered":"Ex-Bridgewater Analyst Wang Starts No-Fee Hedge Fund"},"content":{"rendered":"<p style=\"color: #2d2b2c;\">Bloomberg &#8211; Howard Wang, a former analyst at Ray Dalio\u2019s Bridgewater Associates LP, says most hedge fund performance mirrors the broader market, failing to justify the high fees collected.<\/p>\n<p style=\"color: #2d2b2c;\">That\u2019s why Convoy Investments LLC, the global macro fund he started in November with former Bridgewater software engineer Robert Wu, isn\u2019t charging a performance fee to investors and only a 1.25 percent management fee, he said. The New York-based firm will even manage money pro bono for foundations and underfunded pensions for up to 25 percent of the firm\u2019s assets.<\/p>\n<p style=\"color: #2d2b2c;\"><a href=\"http:\/\/www.bloomberg.com\/news\/2014-08-05\/ex-bridgewater-analyst-wang-starts-no-fee-hedge-fund.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Howard Wang, a former analyst at Ray Dalio\u2019s Bridgewater Associates LP, says most hedge fund performance mirrors the broader market, failing to justify the high fees collected. That\u2019s why Convoy Investments LLC, the global macro fund he started [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-43417","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=43417"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43417\/revisions"}],"predecessor-version":[{"id":43419,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43417\/revisions\/43419"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=43417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=43417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=43417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}