Fees and Compensation — Form ADV Part 2A (6/30/2022)
[Brochure]
Item 5 – Fees and Compensation
The management fee is based on a percent of assets under management at a .85% annualized rate. The
management fee is paid by the Funds monthly in arrears. Beginning December 31, 2020, management
fees for AAF are waived. Beginning July 1, 2017, management fees for DAF are waived. Fees paid by the
Funds include fees related to custody, independent directors, fund administration, legal counsel,
compliance and other service providers. Additionally, the Portfolio Funds also incur investment
management fees and fund related expenses. Such fees and expenses are exclusive of the Manager’s fee,
and the Manager does not receive any portion of these fees and expenses.
Account Minimums and Types of Clients — Form ADV Part 2A (6/30/2022)
[Brochure]
Item 7 – Types of Clients
The clients of the Manager are FEG Absolute Access Fund, LLC, a federally registered investment
company and FEG Directional Access Fund, LLC, a private pooled investment vehicle.