{"id":9272,"date":"2008-12-03T00:00:00","date_gmt":"2008-12-03T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-lower-fees-lengthen-lockups-on-new-bond-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2008\/hedge-funds-lower-fees-lengthen-lockups-on-new-bond-funds.html","title":{"rendered":"Hedge Funds Lower Fees, Lengthen Lockups on New Bond Funds"},"content":{"rendered":"<p><span class=\"Apple-style-span\"><\/p>\n<p><span class=\"Apple-style-span\">Bloomberg &#8211; <\/span>Artradis Fund Management Pte, RAB Capital Plc&rsquo;s Northwest unit and&nbsp;<a href=\"http:\/\/www.cannizaro.com\/disclaimer\" target=\"_blank\">Cannizaro (Hong Kong) Ltd.<\/a>&nbsp;are cutting fees and locking up investors&rsquo; money for longer in new hedge funds that will buy bonds after prices fell in Asia.<\/p>\n<p>Merrill Lynch &amp; Co.&rsquo;s prime brokerage unit has been approached by at least eight money managers about starting such funds in Asia to buy beaten-up fixed-income securities such as convertible bonds, said&nbsp;<a href=\"http:\/\/search.bloomberg.com\/search?q=Eddie+Guillemette&#038;site=wnews&#038;client=wnews&#038;proxystylesheet=wnews&#038;output=xml_no_dtd&#038;ie=UTF-8&#038;oe=UTF-8&#038;filter=p&#038;getfields=wnnis&#038;sort=date:D:S:d1\">Eddie Guillemette<\/a>, the firm&rsquo;s regional co-head of global markets financing and services. Some of the hedge fund managers are offering to reduce management and performance-based fees by as much as 50 percent, he said.<\/p>\n<p><\/span>  <a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.bloomberg.com\/apps\/news?pid=20601091&#038;sid=aV5d_zNyBLfM&#038;refer=india\" target=\"_blank\"><span class=\"Apple-style-span\">Read Complete Article<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Artradis Fund Management Pte, RAB Capital Plc&rsquo;s Northwest unit and&nbsp;Cannizaro (Hong Kong) Ltd.&nbsp;are cutting fees and locking up investors&rsquo; money for longer in new hedge funds that will buy bonds after prices fell in Asia. Merrill Lynch &amp; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[3490,67,2549,1182,678,420,4006,197,402,65,97,866,83,81,103,1059,2382],"class_list":["post-9272","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-actis","tag-chief-executive","tag-diamond-retailer","tag-distressed-debt","tag-domicile","tag-dow-jones","tag-forward-contracts","tag-housing-market","tag-investment-firm","tag-june-14","tag-lengthy-prison-terms","tag-levies","tag-medallion","tag-newcastle","tag-pergam-finance","tag-red-tape","tag-solace"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9272","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9272"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9272\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}