What does Sayaset charge for its services?
FEES – Up until 2008 Sayaset was only available to accredited investors (as defined by SEC rule 205-3A) – whereby a “qualified” person could open an account with a minimum investment of $250,000. As of August 1, 2008 Sayaset is being made available even to non-accredited investors. Non-accredited investors differ in that they will not be charged a performance fee. In lieu of a performance fee non-accredited investors will be charged an additional 0.5% base management fee as disclosed below. Base Fee –The base fee varies according to the amount of assets under management as seen in the chart below. It will be charged quarterly prorated at 1/4 of the annual rate. It will be charged in advance, on the 1st of each quarter, based on the total assets under management on that day. Annual Performance Fee – The performance fee is 10% of the net increase of the portfolio value. It is billed annually on January 1st on the net increase of portfolio value of the previous year ending December 31st.
