Biotech Growth | Charges & gearing


AIC ongoing charge plus performance fee (%)
AIC ongoing charge date
Management agreement
AIFM receives a periodic fee equal to 0.30% p.a. of the market capitalisation, plus a fixed amount equal to GBP 60,000 p.a..The Investment Manager received a fee equal to 0.65% p.a. of the NAV. The Investment Management Agreement may by terminated by either giving notice of not less than 12 months. The performance fee amounts to 16.5% of any outperformance over the benchmark, the Portfolio Manager receiving 15% . With effect from 1 April 2021 Frostrow is no longer entitled to a performance fee. However, it is entitled to receive any performance fee that crystallises during the year ending 31 March 2022 in respect of cumulative outperformance attained by 31 March 2021.


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