Perry Capital Shutting Down & Brevan Howard Charging 0% Fees

The hedge fund industry seems to be becoming tough to survive in. Perry Capital has announced that it's shutting down, while Brevan Howard is lowering its charging fee to 0% for investors. In Perry's announcement of closing down, founder Richard Perry stated:

"The industry and market headwinds against us have been strong, and the timing for success in our positions too unpredictable."

Brevan on the other hand, will be changing its fee structure (starting Dec. 1), due to its recent investment losses and redemptions. The firm has had a declining performance in its returns for the past 3 years, as described below:

"While the flagship Master fund was a star performer during the credit crisis, notching a 20% return in 2008, it is on pace to mark its third straight losing year, with a decline of 2.5% through August."

Source: WSJ

What is your take on these moves by big names in the hedge fund industry?

Career Resources

+59	Top Long Only vs Small SM HF	HF	14	1m
+51	Jane street suing MLP	HF	35	5s
+30	How to Know if HF L/S industry is for me? Wealth Management instead? Feel lost	HF	7	1d
+29	How to move from prop to MM for quant?	HF	6	4h
+26	Realistic HF Career Earnings	HF	23	7h
+22	Advice for Incoming Structured / Securitized Credit HF Analyst	HF	4	22h
+20	Analysts Launching Out of MM	HF	16	13h
+20	Career Trajectory for Data Scientists in HF	HF	6	16h
+15	Starting my career - small startup HF (under 300 mil AUM) vs. MM IB?	HF	1	1h
+15	What happened to Deccan Value Investors?	HF	7	9h

1	redever	99.2
2	Secyh62	99.0
3	BankonBanking	99.0
4	Betsy Massar	99.0
5	dosk17	98.9
6	GameTheory	98.9
7	kanon	98.9
8	CompBanker	98.9
9	Linda Abraham	98.8
10	numi	98.8

Perry Capital Shutting Down & Brevan Howard Charging 0% Fees

Trending Content