Understanding Hedge Fund Fees: Implications for Hedge Fund Managers
K&L GATES
VISUAL REPRESENTATION OF
PERFORMANCE ADJUSTMENT
Visual representation of performance adjustment
The interactive graphic below shows how the performance adjustment affects the total fees charged for the Funds. Please note,
because the fulcrum fee must be applied against the average daily net assets during the whole period during which the fund's
performance is compared to its index, the dollar amount of the performance adjustment may actually be more or less that 0.20%
annually of the Fund's average net assets during any given month.
Place your mouse on any of the dots to see the performance adjustment based on the fund's performance against its benchmark.
Fulcrum Fee Modeler
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0.5
Monthly Performance Fee Adjustment
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-0.5
-1
-13-12-11 -10
-9
-8
-7
-6
-5 -4 -3 -2 -1 0 1 2 3 4 5 6
Fund Performance versus Benchmark Performance
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