Fees and Compensation — Form ADV Part 2A (6/6/2024)
[Brochure]
Item 5. Fees and Compensation
The Firm provides investment advisory services for a fee. This fee is typically charged as a
percentage of assets under management (“AUM”). A marginal fee rate of 0.5% is normal. The
Firm does not generally negotiate fee rates.
Investment management fees are billed to the clients quarterly in arrears. No other fees of any sort
are charged by the Firm. Investment management fees do not include custodian(s) fees, which are
normally the subject of a separate appointment and agreement between the client and the custody
provider. Each portfolio will incur brokerage and similar trading costs and expenses which are
taken as part of the book-cost to the portfolio.
Neither the Firm nor any supervised person of the Firm accepts compensation for the sale of
securities or other investment products.
Account Minimums and Types of Clients — Form ADV Part 2A (6/6/2024)
[Brochure]
Item 7. Types of Clients
The Firm offers investment advisory services to corporate pension and profit-sharing plans,
voluntary foundations, endowments, family offices, municipalities, investment companies and
other regulated funds, U.S. and offshore non-U.S. private investment funds, UCITS, other non-
U.S. regulated funds, sovereign funds, separate accounts, and other institutions.
Each client is required to execute a written investment management agreement with the Firm,
granting the Firm authority to manage the client’s assets and detailing specific investment
parameters tailored to the client’s investment goals.