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To invest in infrastructure projects which are predominantly in their operational phase and yielding steady returns.
The Investment Adviser is entitled to fees and/or profit share equal to: i) 1.1% p.a. of the adjusted gross asset value of all investments of the Group that are not in either their construction or ramp-up phases (the ramp-up phase of an investment means the period following completion of a projects construction phase during which it is building up to be fully operational with full service provision); ii) 1.5% p.a. of investments of the Group that are in either their construction or ramp-up phases, excluding investments acquired with the acquisition of the initial portfolio; and iii) 1.0% the value of new portfolio investments, that are not sourced from entities, funds or holdings managed by the Adviser. The Agreement is terminable by either party on six months written notice to the other.