The Absolute Fund - Summary of Terms
Launch Date: 1st November 2001
Firm AuM: US$78.5m on 1st December 2011
Fund Domicile: Cayman Islands
Stock Exchange Listing: Channel Islands Stock Exchange
Investment Manager: Absolute Fund Managers LLP
Administrator: Northern Trust International Fund Administration Services
(Ireland) Ltd.
Auditor: KPMG
Share Classes: US$, € and £ currency share classes
Minimum Investment: US$50,000 or currency equivalent
Management Fee*: 1%
Performance Fee*: 15% of gains between 6% and 24% only in each year
High Water Mark: Yes
Subscriptions: Monthly
Redemptions: Monthly, with 35 days prior notice
Distributor Status: No
*Class A, B and C shares only. Class I, I2 and J shares have a management fee of 1.50% p.a. and a performance fee of 10% of gains between 6% and 24% only in each year.
Class F has a management fee of 1.75% p.a.
