New Model Adviser - For Professional Investors
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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
To generate a real return over the medium to long-term and to be a core investment for investors seeking a long-term store of increasing value by investing in global equities, international fixed income securities and other assets.
The AIFM will be entitled to a management fee together with reimbursement of reasonable expenses incurred in the performance of its duties. The management fees equate to the sum of (i) £ 1.5m p.a. (increasing in line with UK Consumer Prices Index each year) plus 0.055% p.a. of the market capitalisation of the Company after deduction of (a) the value of non-core assets, being private equity and mineral rights held by the Company ('Non-Core Assets') and (b) the value attributable to the Company's subsidiaries; (ii) such fees as are agreed from time to time by the Company in respect of third party managers; and (iii) such sum as is agreed by the Company to be paid to the managers/administrators of Non-Core Assets in respect of services they provide in respect of Non-Core Assets for the relevant period. The AIFM will also receive a fixed administration fee (on the basis of a cost recharge including time charges charged) in respect of the provision of certain underlying administration services which is capped at £ 915,000 p.a. (increasing in line with the UK Consumer Prices Index each year) payable in arrears in equal monthly instalments.