Fees

MINIMUM INVESTMENT: $250,000.

Management fees are billed quarterly.  The assets under management fee is based on average assets under management during a quarter.  For instance if you have $350,000 average assets under management, the fee will be $1093.75 ($350,000 * (1.25%/4)).

Performance fees are billed annually.  The performance fee is based on the profits earned during the year.  For instance, if you begin the year with $1.2 million and end the year with $1.3 million, profits are $100,000 and the performance fee is 20% of those profits or $20,000.

Performance fees are also subject to what is known as the “high water mark” provision.  For instance, if in the prior year your account decreased from $5 to $4.5 million, future performance fees will only be charged for returns above $5 million.  If in the following year, your account increases to $4.75 million there will be no performance fee as it will still be below your “high water mark” of $5 million.

Performance based fee models for Qualified Investors only.