| FEE
STRUCTURE
1. Zero front load
2. Annual management fee: Paid at end
of year
3. Performance fee: Above hurdle rate of 2% on high watermark, net of transaction cost
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Performance fee rises proportionally with increase in investor’s
investment return
-
No performance fee if there is no positive performance
-
Past losses to be recouped before performance fee is paid
4.
Monthly redemption with no charge
5. No subscription charge
6. No lock-in period
7. No soft dollar
Fund Manager's fee structure is based on 3 key business principles:
1. Manager is paid only after having completed his job
2. Performance fees are paid only when manager makes money for investors
3. Manager ensures highest liquidity for investors
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