{"id":9556,"date":"2009-01-05T00:00:00","date_gmt":"2009-01-05T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-manager-waives-managment-fees","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2009\/hedge-fund-manager-waives-managment-fees.html","title":{"rendered":"Hedge Fund Manager Waives Managment Fees"},"content":{"rendered":"

West Palm Beach (HedgeCo.net) – Renaissance Institutional Futures, a $3 billion futures fund run by hedge fund management company, Renaissance Technologies, has waived all it’s management fees for 2009, even if the fund delivers good results in 2009, according to the Wall Street Journal.<\/p>\n

Renaissance told investors in a end-of-year letter that the futures fund was waiving it’s 1% fixed management fee following poor performance in 2008. The discount is estimated by the Journal to save investors $30 million.<\/p>\n

Renaissance Technologies was started in 1982 by James Simons, Renaissance currently has approximately $20 billion in assets under management. The company operates in East Setauket, Long Island, New York, near Stony Brook University. Administrative functions are handled out of offices in Manhattan.<\/p>\n

Alex Akesson<\/span><\/p>\n

<\/p>\n

\n

Editor for HedgeCo.Net
Email: alex@hedgeco.net<\/u><\/a><\/p>\n

 <\/p>\n<\/div>\n

 <\/p>\n

<\/span><\/p>\n

\n

HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!<\/p>\n

 <\/p>\n<\/div>\n

<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

West Palm Beach (HedgeCo.net) – Renaissance Institutional Futures, a $3 billion futures fund run by hedge fund management company, Renaissance Technologies, has waived all it’s management fees for 2009, even if the fund delivers good results in 2009, according to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[3805,1004,1510,1007,5171,1579,5172,798,4393,5169,5170,5173,663,588,603,2587,5168,2750],"class_list":["post-9556","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news","tag-30-million","tag-accredited-investors","tag-administrative-functions","tag-assets-under-management","tag-east-setauket","tag-fund-management-company","tag-futures-fund","tag-hedge-fund-management","tag-hedgeco","tag-institutional-futures","tag-james-simons-renaissance","tag-management-fees","tag-management-fee","tag-palm-beach","tag-poor-performance","tag-renaissance-technologies","tag-stony-brook-university","tag-wall-street-journal"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9556","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=9556"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9556\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}