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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
To invest in and actively manage a portfolio of predominantly debt orientated hedge funds and to produce annual returns in excess of the 3-month Sterling LIBOR plus 5% over a rolling 3-year period.
The Manager will receive a management fee from the Company of 1% p.a. of total assets. A performance fee equivalent to 10% of the amount by which the year end Total Assets exceeds the greatest value of the previous financial year, subject to a maximum annual performance fee of 3% of the value of the Total Assets at the end of the financial year. The performance fee will be paid quarterly in arrears. The Administrator will receive a fee which shall not exceed 0.085% p.a. of the net asset value of the Company, subject to a minimum annual payment of £10,000. The Custodian will receive a fee paid quarterly at the rate of 0.05% of the Net Asset Value of the Company p.a. subject to a minimum fee of £ 3,325 per quarter. The Custodian Agreement is terminable by either party on three months' notice.