Fees and Compensation — Form ADV Part 2A (4/17/2018)
[Brochure]
Item 5 - Fees and Compensation
No management fees are currently charged by the Fund or Managed Account. Sage receives
an annual fixed fee for the advice it provides to the Institutional Client as further described in
its professional services agreement.
Sage Asset Management, L.P. Form ADV Part 2A
Item 6 - Performance Fees
No performance fee is currently charged by the Fund.
The private pooled investment vehicle underlying the Managed Account pays Sage a monthly
performance-based fee in an amount equal to 50% of any net gains of the Managed Account.
Net gains of the Managed Account with respect to any calendar month are first reduced by
prior losses.
Sage Asset Management, L.P. Form ADV Part 2A
Account Minimums and Types of Clients — Form ADV Part 2A (4/17/2018)
[Brochure]
Item 7 - Types of Clients
The Firm’s clients are the Fund, Managed Account and Institutional Client.
The Fund’s offering memorandum and subscription documents provide the eligibility criteria
and minimum investment requirements. Initial and additional subscription minimums are
disclosed in the offering memorandum for the Fund, which may be waived at the discretion of
the Firm.
In general, each Investor in the Fund must be an “accredited investor” as defined in Regulation
D under the Securities Act of 1933, as amended, and a “qualified client” as defined in Section
2(a)(51) of the Investment Company Act of 1940, as amended (“1940 Act”).
Sage Asset Management, L.P. Form ADV Part 2A