Performance, structured around the client
Institutional allocators can choose between two mandate structures: a fixed 2.5% net monthly distribution, where excess performance accrues to the fund, or direct participation in strategy performance subject to a 35% success fee. The appropriate structure depends on the client's objectives and liquidity requirements. Under the fixed option, the board may choose to draw from the Reserve Fund when strategy performance is below 2.5%.
fixed-distribution illustration
The chart below illustrates the fixed 2.5% monthly distribution option. It does not represent the variable outcome of a success-fee mandate.
| Month | Fixed distribution |
|---|---|
| 2026-07 | +2.50% |
| 2026-06 | +2.50% |
| 2026-05 | +2.50% |
| 2026-04 | +2.50% |
| 2026-03 | +2.50% |
| 2026-02 | +2.50% |
| 2026-01 | +2.50% |
| 2025-12 | +2.50% |
| 2025-11 | +2.50% |
| 2025-10 | +2.50% |
| 2025-09 | +2.50% |
| 2025-08 | +2.50% |
| 2025-07 | +2.50% |
| 2025-06 | +2.50% |
| 2025-05 | +2.50% |
| 2025-04 | +2.50% |
| 2025-03 | +2.50% |
| 2025-02 | +2.50% |
| 2025-01 | +2.50% |
| 2024-12 | +2.50% |
| 2024-11 | +2.50% |
| 2024-10 | +2.50% |
| 2024-09 | +2.50% |
| 2024-08 | +2.50% |
| 2024-07 | +2.50% |
| 2024-06 | +2.50% |
| 2024-05 | +2.50% |
| 2024-04 | +2.50% |
| 2024-03 | +2.50% |
| 2024-02 | +2.50% |
| 2024-01 | +2.50% |
Past performance is not indicative of future results. Terms are mandate-specific and subject to the Fund's offering documents. Full audited statements are available to qualified investors on request.