Fees and Compensation — Form ADV Part 2A (6/18/2012)
[Brochure]
Item 5: Fees and Compensation
Investors in the Investment Vehicles are generally charged a fee consisting of (1) an annual
management fee (“Management Fee”) based on the Investment Vehicles’ net assets
attributable to each Investor (an “Investor”); and (2) an annual performance fee
(“Performance Fee”) which is calculated based upon a percentage of the net capital
appreciation of the Investment Vehicles at the end of each fiscal year.
Prusik’s current management fee schedule for the Investment Vehicles is generally as follows:
Prusik Asia Fund Plc and Prusik Asian Smaller Companies Fund Plc
Management Fee 1.5% per annum
Prusik Asian Equity Income Fund Plc
Management Fee 1.0% per annum
Prusik Investment Management LLP Form ADV Part 2A
The Management Fee is payable monthly in arrears by the Investment Vehicles and is
deducted from the Investors’ assets in the Investment Vehicles.
The Investment Vehicles pay for their organizational and initial offering expenses as well as
for their operating expenses, including but not limited to all accounting, auditing, tax
preparation, legal, administration, research and trading costs. The Investment Vehicles may
incur brokerage and other transaction costs. For further details on the Adviser’s brokerage
practices refer to Item 12 of this Brochure.
Account Minimums and Types of Clients — Form ADV Part 2A (6/18/2012)
[Brochure]
Item 7: Types of Clients
Prusik’s clients are the Investment Vehicles. The Investors in the Investment Vehicles must
meet certain net worth requirements and make representations concerning their
sophistication as an Investor and their ability to bear the risk of loss of the entire
investment.
Investors in the Investment Vehicles may include high net worth individuals and a variety of
institutional Investors (e.g. trusts, endowments, foundations, corporations and other types of
entities, including private fund-of-funds, multi-managers and other corporations or
businesses) meeting the terms of the exceptions and exemptions under which the
Investment Vehicles operate and wishing to invest in accordance with the Investment
Vehicle’s investment objectives.
Prusik may establish minimum investment requirements for Investors in the Investment
Vehicles.
Prusik Asia Fund has an initial minimum subscription of USD 10,000.
Prusik Asian Smaller Companies Fund has an initial minimum subscription of USD 10,000.
Prusik Asian Equity Income Fund has an initial minimum subscription of USD 10,000 and
additional minimum subscriptions of USD 5,000.
An Investor in the Prusik Asia Fund and the Prusik Asian Smaller Companies Fund may make
subsequent subscriptions, conversions and redemptions, which are not subject to a minimum
transaction size.
An Investor in the Prusik Asian Equity Income Fund may make subsequent subscriptions,
conversions and redemptions, each subject to a minimum transaction size of USD 5,000.
The Directors of the Investment Vehicles are empowered to levy a redemption charge not
exceeding 3% of the NAV of the shares being redeemed.