New Model Adviser - For Professional Investors
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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
As the Company does not have a separate investment manager, it will not pay any investment management fees in addition to its ongoing expenses. The Administrator is entitled to an annual fee of £56,000 plus £500 for each £5m tranche of NAV in excess of £30m (as adjusted at the commencement of each new calendar quarter having regard to the NAV then calculated for the purpose of accruing such fee in the following quarter), payable monthly in arrears. The Administration and Secretarial Agreement may be terminated on three months' notice. Two Nominated Brokers are paid a retainer of £15,000 p.a. each for their services to the Company.