Wealth Manager - the site for professional investment managers
Virtual Portfolio | Print page
Total Returns on £1000 over
Discrete performance % over
Discrete performance over
To generate high absolute returns through exposure to financial assets predominantly in the corporate credit, mortgage-backed securities and asset-backed securities markets.
Management fee equal to 1.5% of the Net Assets of each class of Shares as at the NAV Calculation Date in each month, payable monthly. The manager will also be entitled to receive a performance fee from the Company calculated on a per share basis in respect of each class. For each calculation period, the performance fee will be equal to 20% of the appreciation in the Net Asset Value per Share above the Base Net Asset Value per share of that class. The base Net Asset Value per share will be the greater of (i) the Net Asset Value per share at the beginning of the relevant calculation period and (ii) the highest Net Asset Value per share achieved as at the end of any previous calculation period. The agreement may be terminated by either party giving 24 months written notice.