Yesterday I walked past the (very nice) offices of Superfund, a great marketing company ….errr, I mean a managed futures offering. Their fees border on the absurd:
Charges to each Series per year (payable pro rata on a monthly basis): 1.85% Management Fee, 1% Organization and Offering Expenses, 0.15% Operating Expenses, 4% Selling Commission, 3.75% Brokerage Fee AND very high round trip costs (Performance results are reported net of all fees and expenses)
Incentive Fee: The Incentive Fee is calculated on a monthly basis and applies to any new appreciation, if any, only. The Incentive Fee is 25%.