Fees and Compensation — Form ADV Part 2A (3/27/2019)
[Brochure]
Item 5 - Fees and Compensation
Gilgal Global receives an annual management fee of 1.5% for Founders Shares in the Offshore Fund and
in the Domestic Fund. Management fee of 1.75% for Standard Shares in the Offshore Fund and in the
Domestic Fund. The management fee is calculated monthly (accrual) and payable quarterly and is payable
in advance with respect to all Shares of the Funds.
Gilgal Global receives performance fees (or performance allocations, as applicable) of 15.0% with respect
to Founders Shares in the Offshore Fund and with respect to the Domestic Fund; 20.0% with respect to
Standard Shares in the Offshore Fund and with respect to Standard Shares in the Domestic Fund.
Performance fees/allocations are calculated and paid at the end of the fiscal year
or at the redemption date if an investor redeems during the year (fee will be prorated). These fees are
generally not negotiable; however, the Firm may waive or modify the fee for certain investors.
Each of the Funds pays for its own operational expenses, including, without limitation, its pro rata
share of investment research expenses, including consulting and legal fees related to investment
research, investment related due diligence expenses, excluding travel and lodging of personnel of Gilgal
Global, and all trading costs and expenses, including interest expenses, custody fees, bank charges,
brokerage commissions, clearing and settlement costs, initial and variation margin, spreads, short
dividends, and currency hedging costs. Expenses for research-related products and services may be
paid through "soft dollars" generated by the Fund. For a discussion of Gilgal Global's brokerage practices,
please see Item 12.
Account Minimums and Types of Clients — Form ADV Part 2A (3/27/2019)
[Brochure]
Item 7 - Types of Clients
Each of the Domestic Fund and the Offshore Fund are private investment funds. Each Fund relies on an
exclusion from the definition of "investment company" under Section 3(c)(7) of the Investment Company
Act of 1940. As such, all investors are required to be “qualified purchasers.” The minimum initial capital
contribution for each of the Funds is $5 million for institutional investors and $1 million for individual
investors, subject to the discretion of Gilgal Global or General Partner to accept lesser amounts or establish
different minimums in the future.