For some employees, hedge fund Qube begins charging 35% incentive fees

According to Bijie.com, Qube Research & Technologies has begun to charge performance fees for some of its employees' investments in the company's hedge funds to keep them consistent with the amount paid by customers. According to people familiar with the matter, some employees' investments have been converted into the investor stock category paid by performance fees since August 1. The change means that the employees will be charged an incentive fee of 25% to 35% based on the funds they invest in cash, people familiar with the matter said. Because details are kept confidential, people familiar with the matter asked to be anonymous.