Fees and Compensation — Form ADV Part 2A (3/26/2020)
[Brochure]
Item 5 – Fees and Compensation
Advisory Contracts and Fees
5.A. Adviser Compensation
AGM’s fees are described generally below and detailed in its Offering Documents and its LPA.
Fee Schedule
The management fee for the Fund is an annual amount of (i) 2.0% of all Managed Assets up to $2
billion, (ii) 1.75% of Managed Assets between $2 billion and $3 billion, (iii) 1.5% of Managed
Assets between $3 billion and $5 billion and (iv) 1.0% of Managed Assets which exceed $5 billion,
in each case, calculated as of the end of each calendar quarter, accept as may be agreed upon
between the Adviser and the Fund.
Other Advisory Fee Arrangements
AGM reserves the right, in its sole discretion, to negotiate and to charge different advisory fees for
certain Investors based on the Investor’s particular needs as well as overall financial condition,
goals, risk tolerance, and other factors unique to the Investor’s particular circumstances.
5.B. Direct Billing of Advisory Fees
For the Fund, AGM’s management fee is wired from a partnership bank account. Management fees
are paid in arrears to AGM on a quarterly basis.
5.C. Other Non-Advisory Fees
AGM’s advisory fee is exclusive of transaction fees and other related costs and expenses which may
be incurred by the Fund. The Fund can incur certain charges imposed by custodians, brokers,
deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees,
and other fees and taxes on securities transactions.
5.D. Advance Payment of Fees
Fees are calculated quarterly in arrears. In the event that the advisory contract is terminated prior
to the conclusion of a billing period, AGM will refund a pro rata portion of any pre-paid fees or bill
a pro-rata portion based on date of termination.
5.E. Compensation for Sale of Securities or Other Investment Products
This item is not applicable