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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
The manager receives a monthly management fee at an annual rate of 1.5% on the value of the Company's investment assets up to £150m and 1% on the value of such assets in excess of £150m. In addition, the manager is entitled to a monthly commitment fee of 0.5% p.a. on the aggregate amount committed (but unpaid) in respect of investments, up to a maximum amount equal to the total value of the Company's investment assets. The manager is entitled to a performance fee from the Company in respect of each 12 calendar month period ending on 30th June in each year. The fee payable in respect of each such period is 5% of any increase in the Net Asset Value of the Company at the end of such period over the applicable High Water Mark plus the hurdle rate of 10%.