U.K.-based hedge fund firm GSA Capital is joining a slew of other firms in launching a low-fee fund.
Financial News reported that GSA is considering a starting a fund, which would utilize computer algorithms to capture trends in global markets, that would not charge clients a performance fee. Investors would still have to pay an undisclosed management fee.
London-based Algebris Investments is also preparing to launch a long-only fund that will charge investors 0.9% in annual fees, while quantitative manager Cantab Capital Partners opened a new managed futures fund that carries a 0.5% management charge and 10% performance fee.
Launched in 2005 by former Deutsche Bank trader Jonathan Hiscock, GSA manages about $2 billion in assets.