Chris Rokos is raising fees for clients at his $22 billion hedge fund. Rokos Capital Management has asked investors to agree to a gradual increase in the fixed management fees to 2.75% over the next three year. The performance fee will also rise to 25% from the current 20% cut of profits over the same period. In today’s Wall Street Beat, Bloomberg’s Chief Wall Street Correspondent Sridhar Natarajan joined Open Interest to talk about the move and what it signals about the market. (Source: Bloomberg)
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Chris Rokos Raises Client Fees at $22B Hedge Fund
