Acquired
Renaissance Technologies
David Rosenthal
So on the back of 2000 and this rise, the next year in 2001, they raise the carried interest on the fund to 36% up from either 20 or 25%, whatever it was before. Now, remember, they've already closed the fund to new investors. So they're still outside investors in the fund, but no new investors are coming in. And then the next year, in 2002, they raised the carry to 44%.
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