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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
Under the investment management agreement, the investment manager will receive a base management fee of 0.55% p.a. of the Groups net assets and reduced to 0.525% p.a. on asset between £ 1.5bn and £ 2bn and 5% of net assets in excess of £ 2bn. The fees of any managing agents appointed by the investment manager are payable out of the management fee. The agreement is terminable on 6 months' notice. An administrative fee of £ 130,000 p.a. (increasing annually with inflation) is also due. The fees of any managing agents appointed by the investment manager will be payable out of this fee.
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