Reduce Price to Improve Revenues and Margins
CHOICE 1 OBJECTIVE: RETAIN CUSTOMERS
CHOICE 2 SEGMENTS: PUBLIC RELATIONS SEGMENT / IMPROVE THE COMPANY'S IMAGE
CHOICE 3 COMPONENT: CHANGE THE BASIS OF CHARGE
| No. | SIC | Year | Notes |
| 1 | 6282 | 2009 | Funds of all stripes have been pressed to roll back fees lately as they try to hold on to investors. Some of the best-performing managers of the past decade have either cut future fees or refunded fees earned, including Citadel Investment Group LLC, which gave back about $300 million in fees it had collected during money-losing months in 2008. They still must pull in big profits to return to their funds' "high-water mark," the point that marks the end of positive performance and the beginning of an investment decline. |
| 2 | 6282 | 2009 | A multibillion-dollar hedge fund run by Renaissance Technologies LLC has waived all its management fees for 2009, a rare move suggesting fund managers' pay will come under greater pressure in the year ahead. The CEO recently told investors in his year-old futures fund, Renaissance Institutional Futures, that he was waiving the 1% fixed management fee this year following poor performance in 2008. That 12-month fee break equates to about a $30 million price cut from what investors in the $3 billion fund would have paid. The discount applies even if the fund delivers good results in 2009. |
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