Fees and Compensation — Form ADV Part 2A (3/31/2021)
[Brochure]
ITEM 5: FEES AND COMPENSATION
Description and Fee Billing
Athena charges the portfolios that it manages asset-based management fees.
Athena negotiates fees with respect to the Separate Accounts it manages for
institutional clients. In some cases, Athena acts as a “Sub-Manager” for
another investment adviser. Fees are either paid directly by the client to
Athena or indirectly via another investment adviser who acts as a “Program
Manager” on behalf of the client. Fees are not deducted from client assets.
With respect to the Private Fund, Athena receives a monthly management
fee in arrears in an amount equal one-twelfth (1/12) of one percent (1%) of
the net asset value of the Private Fund at the close of business on the last
day of each month. Monthly management fees are pro-rated if Athena
provides management services for less than a full month.
Athena’s standard fees with respect to the Private Fund are set forth above,
however, Athena retains the right to negotiate different fees with an investor
in the Private Fund. Fees are deducted from the Private Fund’s assets.
Athena Global Investors, LLC
Firm Brochure –Part 2A of Form ADV 6 March 29, 2021
Other Fees or Expenses
Clients with Separate Accounts directly incur all legal and accounting and
other expenses, including custodial, brokerage and other transaction
expenses. Athena, therefore, does not charge any of these expenses.
Investors in the Private Fund indirectly incur legal and accounting and other
expenses as the Private Fund pays or reimburses Athena for such expenses.
Participation or Interest in Client Transactions
Neither Athena nor any of its supervised persons accepts compensation for
the sale of securities or other investment products, including asset-based
sales charges or service fees from the sale of mutual funds.
Account Minimums and Types of Clients — Form ADV Part 2A (3/31/2021)
[Brochure]
ITEM 7: TYPES OF CLIENTS
Athena’s clients may include:
• Individuals, including high net worth individuals
• Trusts, estates or charitable organizations
• Banks or other thrift institutions
• Corporations or other business entities
• Private and public pension and profit sharing plans
• Foundations and endowments
• Funds of funds
• Government or political subdivisions
Athena Global Investors, LLC
Firm Brochure –Part 2A of Form ADV 7 March 29, 2021
The minimum investment required to establish a Separate Account is
$25,000,000, however, Athena reserves the right to reduce this minimum on
a case-by-case basis. The minimum investment required to invest in the
Private Fund is $1,000,000, however, Athena reserves the right to reduce
this minimum on a case-by-case basis.