Remuneration and Fees
Abrias’ only source of income is comprised of the remuneration paid by its clients. This ensures that all types of conflicts of interest are averted. We act solely in the best interest of our clients. Moreover, the composition of the remuneration is simple and transparent, given that these fees are all-inclusive, i.e. a degressive percentage rate of the assets we are entrusted with, complemented by a performance fee, if desired.
The custodian banks also receive an all-inclusive fee, which is also disbursed as a degressive percentage rate of the asset values. The custodian fee includes all transaction costs incurred when buying and selling securities, all dividend and coupon collection fees, the domestic and international custody of the securities, etc.
Foreign exchange transactions of any size are executed at institutional terms of 0.05% of the underlying amount.
As an example, for an equity mandate of CHF 10 million, the following options are available:
- Fixed management fee based on a percentage rate of the asset values.
- Reduced management fee based on a percentage rate of the asset values, plus a performance fee as a percentage rate of the net performance (with high watermark) above the risk-free rate of return.
- No fixed management fee, but exclusively a performance fee of 20% of the net performance (with high watermark) above the risk-free rate of return.
The all-inclusive custodian fee for all the options above amounts to 0.20% p.a. of the asset values.