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The other Director of BPAM is Stephen Gerlach, also a Director...

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Amused observer

10,600 Posts.

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18/10/18

15:31

Post #: 36174747
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Originally posted by macda: ↑

Page 22, ironically right before the paragraph you quoted on the performance fee:

"i) Management fee
The Group has a formal Investment Management Agreement with BPAM as the Investment Manager to outsource key management activities for a fee of 1.20% (exclusive of GST) per annum of the Group's portfolio value. This fee is calculated half yearly and paid monthly with an initial term of 5 years. During the year ended 30 June 2018, BPAM was paid $2,438,144 under this arrangement"

I suggest you.....nah, that would just be childish of me.........

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The other Director of BPAM is Stephen Gerlach, also a Director of BFC.

BFC Price at posting: 17.5¢ Sentiment: None Disclosure: Not Held
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