Fees and Compensation — Form ADV Part 2A (9/18/2015)
[Brochure]
Item 5 – Fees and Compensation
In consideration for the services that Liongate LLP provides to the Investment Managers,
Liongate LLP receives a percentage of all fees charged to the clients and ultimately
underlying investors of the funds by the Investment Managers.
Pursuant to the Offering Memorandums and Investment Management Agreements or
Mandate of each client, the Investment Managers are entitled to receive management and/
June 2015
or performance fees which are charged to the clients and ultimately underlying investors of
the funds. The management fee is usually a fixed percentage per annum of monthly Assets
Under Management. Management fees are earned and paid to the Investment Managers by
their clients on a monthly basis. Performance fees are usually charged as a percentage of
the gain experienced by each client and ultimately underlying investor of the funds.
Performance fees crystallize annually, quarterly or semi-annually dependent on the client
and/or the share class of the fund.
As Liongate LLP is a non-discretionary manager, it is not involved in any rebate of fees to the
underlying investors of the funds.
Liongate does not accept any fees or commissions from hedge fund investments for
including them in the investment portfolios of the funds.
Account Minimums and Types of Clients — Form ADV Part 2A (9/18/2015)
[Brochure]
Item 7 – Types of Clients
Liongate LLP’s clients are the Investment Managers. The clients of the investment managers
are predominantly institutional.