Slight but important error12 Dec 2019 11:57
$6m in commissions potentially a year and an extra $800 for every 1% over 7%. 10%-14% is where it's aimed to be. 10% and we are virtually earning double our MCAP.
$800,000 or $800k for every 1% over 7%
Returns aimed at minimum 10% for investors so 3 x $800k = 2.4 m bonus of performance fee
14% return gives $5.6m
Plus
The management fee is a straight 1.5% ..... for $100AUM equates to $6m