QCAM Currency Asset Management

Item 5 – Fees and Compensation
QCAM’s standard fee schedule for asset management services offered consists of a management fee, payable
monthly or quarterly in arrears as of the last business day of each calendar month, at a rate between 0,5 and
2,5 % per annum based on the individual agreements or product specifications, and a performance fee, payable
monthly or quarterly in arrears equal to up to 20% of the net profits attributable to the client / managed
account, offset by previous losses attributable to that client / managed account (High-Water Mark approach).
The independent administrators of the clients or the investment funds calculate and pay the agreed fees to
QCAM (and other service providers such as custodians, administrators, legal advisors, auditors, etc.) as the
case may be, all in accordance with the respective agreements. QCAM reviews and approves all calculations
done by the administrator at least on a monthly basis.
The fee rates, calculation methodologies and frequency of payments are subject to negotiation based on the
particular circumstances of the client and other factors, such as but not limited to the specified level of targeted
volatility, the size of the investment and the type of investment program.
Employees of QCAM who have invested in one or more of the strategies we manage receive the management
and / or incentive fees back from us but no other fees and expenses associated with the day to day operations
of these programs.
Typically clients will incur additional costs and expenses in connection with our investment advisory services.
E.g. clients will incur brokerage and clearing commissions, exchange fees, give-up and reverse give-up fees,
interest charges and other related transaction costs and expenses, administrator fees and expenses, custodian
and/or prime brokerage fees, directors fees, establishment/organizational expenses, fees and expenses for
legal, auditing and other professional services, the cost of liability insurance for its directors, registration and
filing fees and other expenses due to regulatory, supervisory and fiscal authorities or agencies. Clients should
review Item 12, “Brokerage Practices”, which provides further detail on brokerage and other transactional
costs. However, QCAM has no relationship or interest in any of these third party service providers.
                                                                               QCAM Currency Asset Management AG
                                                                                       Guthirtstrasse 4 | CH-6300 Zug
                                                                                 T +41 55 417 00 50 | info@q-cam.com

                                                                                                    www.q-cam.com

In providing discretionary asset management services neither QCAM nor any of our principals or employees
receives any direct transaction based compensation for the sale of instruments or other investment products
within the respective mandate.

Item 7 – Types of Clients
Our investment advisory services are offered to the funds we sponsor (v-Pro fund, v-Pro dynamic fund and
Equity Enhanced fund) and to other institutional clients. Currently we only offer managed accounts services
for the FX v-Pro strategy. Our managed account clients are institutional clients which may include pension
funds, government agencies, fund of funds, banking institutions and corporations. All clients are subject to
certain eligibility requirements; in addition, the requirements for fund investors are laid out in the relevant

                                                                           QCAM Currency Asset Management AG
                                                                                   Guthirtstrasse 4 | CH-6300 Zug
                                                                             T +41 55 417 00 50 | info@q-cam.com

                                                                                                www.q-cam.com

funds’ prospectus. The minimum initial nominal account size required for a client to open a managed account
is around US$25 million at standard program volatility, which may be varied at the discretion of QCAM. The
v-Pro Fund requires a minimum initial investment amount of €50,000 or equivalent and the v-Pro Dynamic
Fund requires a minimum initial investment amount of €50,000 or equivalent as well. The Equity enhanced
limited partnership does not require a minimum investment amount.