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Looking back at Millennium’s big redemptions and investor demand for junky subprime investments

In this week’s look back at the archives, AR revisits new fees from Elliott; Millennium’s redemptions; the launch of now-defunct Venn Capital; and a Bear Stearns mortgage fund (guess which one) reopening to some unlucky investors.

One Year Ago »» Paul Singer’s Elliott Management instituted a performance fee for the first time. Beginning in January 2010, investors in Elliott began paying the traditional 2% and 20% fee structure that most hedge funds charge. This was a significant departure for Elliot, which had previously charged investors a

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