Management Fee: 1.5%
- The management fee is accrued on a monthly basis.
Performance Fee: 12.5%
- The Hyperion Fund performance fee is calculated as 12.5% of the fund performance for the quarter, where performance is defined as the change in the total net asset value (NAV) in USD terms.
- The fee is only applicable if the closing balance is greater than the opening balance adjusted for buy-and-burns and performance fees paid in respect of the previous quarter.
- The performance fee is subject to a highwater mark, meaning the fund will take no performance fee until prior periods of under performance are recouped.