Fees and Compensation — Form ADV Part 2A (11/19/2020)
[Brochure]
Item 5: Fees and Compensation
The following section describes how BitAlpha is compensated for the services we provide to our
clients.
We receive an annual management fee of 2.00%, calculated and payable monthly, for providing
investment advisory services to BAUG.
We and certain of our principals and employees are limited partners in BAUG.
Additional information about the fees and expenses paid by the BAUG is contained in the offering
and organizational documents for the fund.
For all other accounts, BitAlpha charges an annual advisory fee, billed quarterly, as a percentage of
assets under management based on a fee schedule similar to the one listed below. (Please note
the fee schedule below is a general fee schedule provided for illustrative purposes and advisory fee
may be negotiated.)
Assets Managed Annual Fee (%)
First $ 500,000 2.00%
Next $ 1,000,000 1.20%
Next $ 3,500,000 1.05%
Over $ 5,000,000 0.75%
BitAlpha may also receive a performance fee from BAUG – please see Item 6 - Performance-Based
Fees and Side-by-Side Management for more information.
Offered $10,000,000 · Filed 2018-08-07 (D) · Exemption 506(b), 3(c), 3(c)(1) · Remaining $10,000,000 · Duration More than one year · Net Assets Decline to Disclose
AUM Breakdown
Accounts
AUM ($k)
By Client Type
(a) Individuals (other than high net worth individuals)
0
0.0
(b) Individuals (high net worth individuals)
0
0.0
(c) Banking or thrift institutions
0
0.0
(d) Investment companies
0
0.0
(e) Business development companies
0
0.0
(f) Pooled investment vehicles
1
35.0
(g) Pension and profit sharing plans
0
0.0
(h) Charitable organizations
0
0.0
(i) State or municipal government entities
0
0.0
(j) Other investment advisers
0
0.0
(k) Insurance companies
0
0.0
(l) Sovereign wealth funds and foreign official institutions
0
0.0
(m) Corporations or other businesses not listed above