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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
The Investment Manager is entitled to receive a quarterly management fee from the Company equivalent to 0.65% of Net Assets. The Investment Manager will also be entitled to reimbursement of travel and other expenses incurred by it in connection with its duties. The Investment Manager is also entitled to receive a performance fee which is calculated based on 15% of any out performance of Adjusted Equities Funds attributable to Shareholders in excess of a benchmark index. The hurdle to the calculation determining whether a performance fee is payable set at 8% and the maximum amount of a performance fee payable in respect of any financial year will be 1.85% of the average net assets of the Company and any performance fee in excess of this cap will be written off. No performance fee is payable if the Adjusted Equity Funds attributable to the Shareholders is less than that of the previous year. The Administrator is entitled to a fee of £ 220,000 per annum plus certain expenses.