What are the fees?

The Private Placement Memorandum specifices an annual management fee of up to 1.5% and 15% performance fee, above the benchmark/hurdle index, subject to a high-water mark.

We have, however, reduced the management fee to 1.35% as of 1 January 2025 for all existing investors on that date. 1.35% will apply to ALL investors from 1 January, 2026.

A redemption fee of up to 1% will be deducted from the gross redemption amount to pay for the expenses of handling the redemption. Such fee will be for the Fund for the benefit of remaining investors in the Fund.