Fees and Compensation — Form ADV Part 2A (3/29/2016)
[Brochure]
ITEM 5: Fees and Compensation
Fees for each Fund are described in the applicable governing document.
ERAAM’s basic fees schedule includes an annual management fee of a client’s net assets under management and a
performance fee based on the over-performance of the client over a determined threshold.
Management fees are generally payable quarterly in arrears and are deducted from the assets of the client. Management fees
are up to 2.1% per year.
Performance fees are payable annually and are calculated and deducted (if any) from the assets of the client and are
discussed in Item 6.
ERAAM’s fees may be negotiable depending on the size of the client account. Compensation is not payable in advance.
Certain charges and expenses on top of management fees and performance fees shall also be borne by clients: costs
associated to the set up of a fund including legal, incorporation, registration shall be treated as preliminary expenses and be
amortized over a multi-year basis. On a recurring basis, clients shall also bear administration fees, custody fees, auditor fees,
transactions costs on the purchase and sale of underlying assets, interest costs on borrowing, registration fee, any potential
director’s fee and any potential liability insurance fee.
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Account Minimums and Types of Clients — Form ADV Part 2A (3/29/2016)
[Brochure]
ITEM 7: Types of Clients
ERAAM provides investment advice and investment management services to Funds, which may be structured as European
regulated funds that are exempted companies or Private Funds, which are pooled investment vehicles that are organized as
offshore corporations. Investors in the funds may include some or all of the following: individuals; banks; investment
companies; pension and profit sharing plans; trusts, estates or charitable organizations; and corporations or other business
entities.
Minimum investment amount for the set up of a new client account shall depend on the identity if the investor but shall be at
around USD 15 million.
Minimum investment amount in European regulated funds ranges from EUR 10,000 to EUR 50,000 according to respective
governing documents.
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