Man Group Multistrat to Levy Fees Similar to Millennium
- Firm’s pass-through fees cover compensation, other expenses
- The fees will be applied to new capital starting this month
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Man Group Plc is starting to charge clients of its nascent multistrategy hedge fund pass-through fees covering compensation and other expenses, a practice favored by peers such as Millennium Management and Citadel.
Man Group, the world’s biggest publicly traded hedge fund firm, will charge the pass-through fees on new capital invested in Man Strategies 1783 starting this month, according to a filing.