• 16 Feb 2011 at 9:45 AM

DE Shaw Cuts Rates

By

Like a Thai hooker with the clap.

The New York-based firm, which oversees roughly $19 billion in assets, plans to lower its fees to a 2.5 percent management fee and a 25 percent performance fee, said the person, who was not permitted to speak about the matter publicly. The move comes only a few weeks after D.E. Shaw, founded more than two decades ago by David Shaw, delivered fresh disappointing performance numbers, the investor said.

Previously, the firm charged a 3 percent management fee plus a 30 percent performance fee.

Considering the measures taken indicate they’re desperate to hold on to customers, you can most likely negotiate practically anything (no minimum, no lock-up) and maybe even try stuff in the moment that you never agreed to earlier (come in and trade for a day) and it’ll go by without much argument.

DE Shaw Cuts Fees [Reuters]

Related: Absurd Speculation That SAC Capital Might Lower Its Fees On Account Of Investor Demand Can Be Nipped In The Bud Right Now

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Comments (35)

  1. 1
    Posted by Guest | February 16, 2011 at 3:35 PM

    If I invest a yard with them, do you think I’d be able to negotiate a job for my son who just got rejected from Citi and pretty much burned all his quant bridges by hitting the send button on somewhat passionate email reply? He got a 1600 on his SATs.

  2. 2
    Posted by quanttrader | February 16, 2011 at 3:36 PM

    How are their returns and sharpe? Can anyone shed a light on that? Tks

  3. 3
    Posted by Xx | February 16, 2011 at 3:40 PM

    Genius!

  4. 4
    Posted by AmericanBandersnatch | February 16, 2011 at 3:42 PM

    I think 2.5 and 25 is cheap to have DE Shaw run money for you. Have you ever heard of Plato, Aristotle, Socrates? They wouldn’t be allowed to get coffee for the analysts there.

  5. 5
    Posted by Mathematicus | February 16, 2011 at 3:56 PM

    I am no math genius like them DES guys but it seems to me that 25%x$0=30%x$0

  6. 6
    Posted by Guest | February 16, 2011 at 3:59 PM

    Hey! Don’t lump me in with those clowns.

    – Thai hooker

  7. 7
    Posted by Guest | February 16, 2011 at 3:59 PM

    Hey! Don’t lump me in with those clowns.

    – Thai hooker

  8. 8
    Posted by Mr. Market | February 16, 2011 at 4:00 PM

    I am no math genius, but it seems to me that 25% * -BIG > 30% * -BIG. This was a huge money saver, no?

  9. 9
    Posted by Sham How | February 16, 2011 at 4:00 PM

    Did someone say cut a hooker? I’ve never done that, but after my last encounter with one I am okay with cutting one.
    -V. Shlomi

  10. 10
    Posted by David Coulter | February 16, 2011 at 4:16 PM

    Wow, I’m really sorry to hear they are having a tough time. Really.

  11. 11
    Posted by David Coulter | February 16, 2011 at 4:16 PM

    Wow, I’m really sorry to hear they are having a tough time. Really.

  12. 12
    Posted by David Coulter | February 16, 2011 at 4:16 PM

    Wow, I’m really sorry to hear they are having a tough time. Really.

  13. 13
    Posted by Drive Tungry | February 16, 2011 at 4:26 PM

    This place has been a sinking ship for almost a decade. Everyone left for Flowers.

  14. 14
    Posted by ThinCandyShell | February 16, 2011 at 4:40 PM

    You don’t pay performance fees on losses.

  15. 15
    Posted by ThinCandyShell | February 16, 2011 at 4:40 PM

    You don’t pay performance fees on losses.

  16. 16
    Posted by ThinCandyShell | February 16, 2011 at 4:40 PM

    You don’t pay performance fees on losses.

  17. 17
    Posted by Guest | February 16, 2011 at 5:33 PM

    *yet

  18. 18
    Posted by Guest | February 16, 2011 at 5:33 PM

    *yet

  19. 19
    Posted by Guest | February 16, 2011 at 5:33 PM

    *yet

  20. 20
    Posted by Guest | February 16, 2011 at 5:33 PM

    *yet

  21. 21
    Posted by Guest | February 16, 2011 at 5:33 PM

    *yet

  22. 22
    Posted by Guest | February 16, 2011 at 5:33 PM

    *yet

  23. 23
    Posted by Guest | February 16, 2011 at 5:40 PM

    Hi! Welcome to the joke. My name is Guest, and I’ll be your server today…

  24. 24
    Posted by Guest | February 16, 2011 at 5:42 PM

    Send me your genius of son my way. I treat genius well, as you might have heard.

    - Ping

  25. 25
    Posted by Guest | February 16, 2011 at 5:45 PM

    Is Jennifer Flowers running a fund lately?

  26. 26
    Posted by Guest | February 16, 2011 at 5:45 PM

    Is Jennifer Flowers running a fund lately?

  27. 27
    Posted by Guest | February 16, 2011 at 5:52 PM

    zzzzzZZZzzzzzz

  28. 28
    Posted by AmericanBandersnatch | February 16, 2011 at 6:23 PM

    Gennifer. She isn’t one of those fancy elitist bitches that spells it with a J.

  29. 29
    Posted by AmericanBandersnatch | February 16, 2011 at 6:23 PM

    Gennifer. She isn’t one of those fancy elitist bitches that spells it with a J.

  30. 30
    Posted by AmericanBandersnatch | February 16, 2011 at 6:23 PM

    Gennifer. She isn’t one of those fancy elitist bitches that spells it with a J.

  31. 31
    Posted by AmericanBandersnatch | February 16, 2011 at 6:23 PM

    Gennifer. She isn’t one of those fancy elitist bitches that spells it with a J.

  32. 32
    Posted by AmericanBandersnatch | February 16, 2011 at 6:23 PM

    Gennifer. She isn’t one of those fancy elitist bitches that spells it with a J.

  33. 33
    Posted by BadaBing | February 16, 2011 at 6:42 PM

    The bakery? Pretty eager to make some dough, huh?

  34. 34
    Posted by Guest | February 16, 2011 at 7:26 PM

    Can I use this one check given to me by an investing great to invest in your fund?

    ~Monica Foster

  35. 35
    Posted by Hand Job | February 16, 2011 at 10:29 PM

    My name is Hennifer Lopez, and I like tacos and burritos.

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