A Singapore hedge fund is offering a relatively rare, client-friendly fee structure for investors as capital inflows for the industry slow and higher interest rates enhance the appeal of cash.
Dymon Asia Capital is creating a new share class as part of a $1 billion fundraising for its multi-strategy hedge fund, which includes a so-called hurdle rate. This means it won’t charge performance fees until investors in that share class have pocketed at least a 5% return for the year.