PDT Partners uses computer-driven strategies to trade various assets like stocks, futures, and currencies for its clients. PDT's clients are primarily pooled investment funds, not individual investors. PDT does not tailor its investment programs for individual fund investors but has in some cases accommodated investor requests with respect to how a particular portfolio is managed or restrictions on instruments that are permitted to be acquired.
Fee Structure
PDT Partners manages investments for pooled investment vehicles, not individual investors. PDT generally receives a management fee of a percentage of the assets under management of each Fund (up to 1.5% per year) or, for the PDT Partners Fund family, a fixed-dollar amount (which varies from time to time—at least annually—and is expected to significantly exceed 1.5% of the PDT Partners Fund family’s assets under management annually) based on PDT’s projected expenses, which includes most of our operating costs and expenses, including costs and expenses wholly unrelated to the management of the PDT Partners Fund family (some of which are costs and expenses related to our other Funds). In addition, PDT receives performance-based compensation (which is generally allocated to an affiliated entity), ranging from 20% to 50% and subject to a high-watermark.