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Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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NY HF Unsure Whether to Charge Investors Final Fee

Feb 11, 2014
Jing Chen

A New York-based hedge fund firm is debating whether to charge clients a management fee for its final quarter in business.

Scout Capital Management spokesperson Josh Pekarsky told Pensions & Investments that the firm is “sensitive to the issue and are considering ways to address it.” Investors at Scout Capital, which is shutting down because co-founders Adam Weiss and James Crichton have conflicting views on management style, complained about the firm charging a fee this quarter given the high cash level in January and that some investment staff had already left.

Weiss plans to start a family office and write a book on investing after the firm’s closure, while Crichton will likely launch a firm managing money for Scout’s current investors.

Scout Capital, which was founded in 1999, plans to return 95% of clients’ money by April 1. 


 

 

 

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