Investment Manager Fees Clause Samples
The Investment Manager Fees clause defines how and when the investment manager will be compensated for their services. Typically, this clause outlines the fee structure, such as a percentage of assets under management or performance-based fees, and specifies the timing and method of payment. Its core practical function is to ensure transparency and agreement regarding compensation, thereby preventing disputes over payment and aligning expectations between the parties.
POPULAR SAMPLE Copied 1 times
Investment Manager Fees. (a) For the investment management services contemplated by this Agreement, the RJO Global Trust shall pay the Investment Manager a management fee (the “RPM Management Fee”) equal to *% of the month-end net asset value of all unit classes of the RJO Global Trust, calculated and paid monthly in arrears (a *% per annum rate). For purposes of calculating the RPM Management Fee, the net asset value of all unit classes the RJO Global Trust shall be determined before reduction for any RPM Management Fees then being calculated and all other fees and expenses as of such month-end, and before giving effect to any subscriptions for units in the RJO Global Trust made as of the beginning of the month immediately following such month-end and to any distributions or redemptions accrued during or as of such month-end, as described in the Disclosure Document as of the date hereof. The RPM Management Fee shall be prorated for any partial month during which this Agreement is in effect. The RJO Global Trust shall remit the RPM Management Fee due the Investment Manager hereunder within 10 Business Days of the end of the month during which it was earned.
(b) The RJO Global Trust shall also pay the Investment Manager a performance fee (the “RPM Performance Fee”) equal to *% of the New Appreciation on New Assets only for each calendar quarter.
Investment Manager Fees. Unless otherwise instructed by Principal, Custodian is authorized to charge the fees of Manager to the Account and to pay the same to Manager.