Register Log-in Investor Type

Pacific Assets changes fee arrangements

The Board of Pacific Assets Trust has announced that, with effect from 1 February 2015, the management fee will be changed to 0.9% of net assets and there will no longer be a performance fee. Previously the fee was 0.75% plus a 12.5% performance fee of 12.5%  on outperformance of MSCI All Country Asia ex Japan Index plus a hurdle of 1.75% over a rolling three year period.

The Board has also announced that, with effect from 1 February 2015, the annual fee payable to Frostrow Capital (which provides the Company with management, administrative and secretarial support) will change from being 0.2% of market cap. to 0.15% of the first £275m of NAV 0.1% on the excess.

PAC : Pacific Assets changes fee arrangements

Leave a Reply

Your email address will not be published. Required fields are marked *

Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.

You live in…

You are a…