When hedge-fund honchos drop their fees, sometimes they don't give their clients much of a break. Billionaire investor Paul Tudor Jones II has decided to lower some fees charged by his largest hedge fund after years of grumbling by some clients, according to the Wall Street Journal and people close to the matter.
But Mr. Jones, who runs hedge-fund firm Tudor Investment Corp., is raising other key fees charged by the fund. And he will maintain overall charges that top most hedge funds and other investment vehicles, a sign of the interest that continues for brand-named funds.
One reason the high fees may not deter ...
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