Item 5 – Fees and Compensation
As compensation for the investment management services of the Partnership, OceanLink receives
management fees, payable monthly in arrears. Management fees charged to the Partnership vary
based on the share class in which investors are invested and generally range from 1.0% - 1.5% of
capital contributions as outlined in the Partnership offering documents. Management fees are
calculated by the Partnership’s third-party administrator, approved by OceanLink and deducted
from each investor’s capital account.
Subject to the lock-up and other withdrawal limitations described in the Partnership offering
documents, investors have the right to liquidate all or any part of their investment by withdrawing
capital from the Partnership on a quarterly basis. Partnership management fees will be prorated in
the event that additional capital contributions are made on a date other than the start of a calendar
quarter or if the Partnership ends on a date other than the last day of a calendar quarter. OceanLink
waives management fees for employees, their families and affiliates of the firm. OceanLink
reserves the right to negotiate fees with investors in the Partnership when appropriate, typically in
the form of a side letter, which is permitted in accordance with the Partnership’s offering documents.
Management fees for SMA clients are negotiated on a case by case basis and are outlined in the
investment management agreements with each SMA client. Currently, the management fee charged
to the SMA is a blended annual rate between 0.25% and 1.0% based on overall fee paying assets
under management. Management fees are billed on a quarterly basis in arrears and deducted from
the SMA client’s account. OceanLink reserves the right to negotiate fees when appropriate. The
management fee will be prorated in the event of a withdrawal or the termination of the investment
management agreement on a date other than the last day of a quarter.
Other Fees and Expenses
SMA clients should understand that the different fees discussed above are specific to what OceanLink
charges and do not include certain charges imposed by third parties such as custodial fees, mutual fund
fees and other expenses. Client assets may be subject to transaction fees, brokerage fees and
commissions and other fees and taxes on brokerage accounts and securities transactions. Clients should
understand that all custodial fees and any other charges, fees and commissions incurred in connection
with transactions for an SMA client’s account are generally paid out of the assets in the account and are
in addition to the management fees charged by OceanLink. Certain SMA clients reimburse OceanLink
for all organizational and operating expenses directly related to their account. Clients should review the
fees charged to their account(s) to fully understand the total amount of all fees charged. Clients should
understand that lower management fees for comparable services may be available from other investment
advisory firms.
Organizational and offering expenses for the Partnership will be paid by the Partnership. The
Partnership will also pay all of its own direct operating and investment expenses, including trading
costs, lenders’ charges, taxes, fees of the general partner, legal, administration, audit and accounting
expenses, banking expenses, tax preparation fees, regulatory filing fees and custodial fees.