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February 06, 2019  

Rivulet Offers Incentive for Lockup

Rivulet Capital is cutting fees for investors who opt for longer-term share classes.Effective Jan. 1, the long/short equity manager trimmed its management fee by 10 bp for limited partners subject to two- and three-year lockups. Previously, the firm collected annual management fees equal to 0.85-1.6% of assets, depending on the share class.“We hope that this change will motivate more partners to move into the longer-duration share classes,...

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