Wealth Manager - the site for professional investment managers
Virtual Portfolio | Print page
To deliver attractive returns to Shareholders principally in the form of capital growth yet with some prospect of income, by investing in the securities of companies involved in the exploration, development, and production of energy.
The Investment Manager is entitled to fees at the rate of 1.375% per annum of total assets (less current liabilities but inclusive of bank borrowings). In addition, the Investment Manager is entitled to a performance fee at the rate of 20% of outperformance above an 8% p.a. hurdle with high watermark provision. Investment Management Agreement is terminable on 12 months written notice by either party.