Fees and Compensation — Form ADV Part 2A (3/31/2023)
[Brochure]
Item 5: Fees and Compensation
Ergoteles is generally compensated with a management fee paid from the Ergoteles Master Fund.
Management fees are billed pursuant to the relevant Fund Offering Memorandum, Limited Partnership
Agreement, Articles of Association or any relevant side letter agreement. Each Client has the ability to
negotiate fees.
The Fund will calculate and pay the management fee in advance but will amortize the management fee
monthly over the fiscal quarter for which such management fee is paid. The portion of the management
fee applicable to a capital account will be charged to its corresponding Master Fund Shares.
The Investment Adviser has engaged a fund administrator, SS&C Technologies Holdings, (“SS&C”) to assist
with calculating and verifying the compensation.
The Investment Adviser may incur brokerage and transaction-related expenses on the Client’s behalf (see
Item 12). Expected expenses are detailed in the relevant Fund Offering Memorandum, Limited Partnership
Agreement, or Articles of Association.
Any additional fees are stated in the relevant Fund Offering Memorandum, Limited Partnership
Agreement, Articles of Association or any relevant side letter agreement
Account Minimums and Types of Clients — Form ADV Part 2A (3/31/2023)
[Brochure]
Item 7: Types of Clients
Ergoteles provides investment advisory services to pooled investment vehicles. The limited partners and
shareholders of such pooled investment vehicles may include individuals, private funds, non-profits,
pension plans, sovereign wealth funds and others.
Ergoteles provides investment management and supervisory services to Clients that are qualified
purchasers as defined under Section 2(a)(51) of the Investment Company Act of 1940, as amended.
Account minimums and the terms of investment are listed in the relevant Fund Offering Memorandum,
Limited Partnership Agreement or Articles of Association.