Complex sentence: In line with other hedge funds, Renaissance charges a management fee and an incentive fee, however the firm's management fee is 5% and its profit participation is 36%, both of which are higher than the industry standard of 2% and 20%.
Split into simpler sentences: In line with other hedge funds, it charges a management fee and an incentive fee. Its management fee is 5% and its profit participation is 36%, both of which are higher than the industry standard of 2% and 20%.