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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
The management agreement is between the Company and Chelverton Asset Management Ltd (CAM). The investment management fee is calculated at the following rate: 1) for the first £ 15m of funds under management at the rate of 0.083% per month of the gross value of funds under management and is payable monthly in arrears; 2) for the next £ 15m of funds under management, at the rate of 0.0625% per month; 3) for funds under management above £ 30m, and the rate of 0.04167% per month. The appointment of CAM as Manager is subject to termination by either party giving to the other not less than 12 months' notice. CAM is entitled to resign its appointment by 60 days' notice if the Company goes into liquidation or receivership or administration. Capita Sinclair Henderson provides company secretarial services and general administration for a fee linked to RPI under a contract terminable on 6 months' notice.