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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
The aggregate fees payable by the Company under the AIFM Agreement are the same as those previously payable under the IMA, namely 0.5% per annum of gross assets after deducting current liabilities (excluding borrowings incurred for investment purposes), payable quarterly in arrears. The Investment Managers have reduced the management fee payable by the Company to 0.25% per annum until such time as the performance fee high watermark is regained. The AIFM Agreement may be terminated by the Company giving ICM and ICMIM not less than one year's written notice or by the Investment Managers, acting together, giving the Company not less than six months' notice in writing. F&C provides accounting, dealing and administration services to the Company for a fee of 310,000 per annum, payable monthly in arrears. The agreement with F&C may be terminated upon six months' notice given by either party in writing.