Fees and Compensation — Form ADV Part 2A (3/30/2020)
[Brochure]
Item 5 Fees and Compensation
A. Advisory Fees and Compensation
Telemetry Fund I pays us monthly management fees (“Management Fees”) of 0.125% (or 1.5%
per annum) of the fund’s net asset value.
Management Fees are generally not negotiable.
B. Payment of Fees
We deduct Management Fees directly from the assets of Telemetry Fund I.
On the first business day of each month, Management Fees are paid based on the net asset
value of Telemetry Fund I as of the last day of the previous fiscal month.
C. Additional Fees and Expenses
Telemetry Fund I bears its own operating expenses, including any taxes and investment
expenses (e.g. expenses related to the investment of Telemetry Securities’ assets, such as
brokerage commissions and other transaction costs), external legal, accounting, audit and tax
preparation expenses, interest, custodial and administrative fees and other fees associated with
the operation of the Funds.
D. Prepayment of Fees
On the first business day of each month, Management Fees are paid in advance. Such fees are
typically not refundable.
E. Additional Compensation and Conflicts of Interest
Neither the Investment Adviser nor any of its supervised persons accepts compensation for the
sale of securities or other investment products.
Account Minimums and Types of Clients — Form ADV Part 2A (3/30/2020)
[Brochure]
Item 7 Types Of Clients
Presently we provide investment advice only to pooled investment vehicles commonly known as
hedge funds.
The Funds we advise limit ownership to sophisticated investors with substantial resources who
are subject to applicable suitability requirements identified in the client offering and
organizational documents such as qualifying as “accredited investors” as defined under
Regulation D under the U.S. Securities Act of 1933, as amended. Generally, the minimum initial
subscription for the Funds is $500,000 and the minimum subscription for additional investments
is $100,000.