Look Who’s Cutting Their Fees

Caxton Associates LP plans to lower the fees it charges clients of its $7.5 billion hedge fund, a sign that even veteran money managers are bowing to investor pressure amid lackluster returns and low interest rates, according to the WSJ Caxton will trim its management fee on money invested in the fund to 2.6% from 3%, while cutting its performance fee—what it pockets if the firm's investment gains exceed a certain level—to 27.5% from 30%, according to people familiar with the firm.................................................................................... Find out more at http://online.wsj.com/article/SB10000872396390443624204578056474249123386.html