Qatar Investment Fund last rejigged its fee arrangements on 1 November 2013. The new arrangement was put in place for three years. The terms were a reduced management fee of 1.05% per annum of the net asset value, calculated monthly and payable quarterly in arrears, with such management fee reducing further to 1.0% from 1 November 2015 for the final year of the agreement.
The Board is pleased to announce that it has reached agreement in principle with EMQL to enter into a new investment management agreement for a three-year period from the date of termination of the existing investment management agreement on 31 October 2016, subject to agreeing the necessary terms and legal documentation, and obtaining any regulatory or other approvals as required.
The proposed revised fee arrangements commencing on 1 November 2016 are a reduced management fee of 0.90% per annum of the net asset value of the Company, calculated monthly and payable quarterly in arrears, with the performance fee arrangements removed in entirety. There will be no change in any other material terms as exist currently.
QIF : Qatar Investment Fund cuts fees