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Elliott changes fees; investors shrug
Paul Singer's Elliott Management, which has had a bang-up year, is instituting a performance fee for the first time.
Beginning in January, investors in the 33-year-old Elliott, which has $16 billion under management, will begin paying the traditional 2% and 20% fee structure that most hedge funds charge—a significant departure from the firm's previous fee plan. In the past, Elliott did not charge a performance fee. Investors only
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