Renaissance waives fees for futures fund

Fri Jan 9, 2009

Renaissance Technologies has decided to forfeit the management fee on its relatively new commodity futures vehicle this year.

Renaissance Institutional Futures Fund began trading in October 2007. The vehicle lost 12% in 2008, leaving it with an annualized decline since inception of about 6%, according to an investor.

The firm charges a fee of 1% of assets to run the fund. With a capital base...

ISSN: 2151-1845 / CDC10004H

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