PAAMCO Prisma offers investment advisory services to Funds (pooled investment vehicles or funds-of-one) and Accounts (separately managed accounts). They work with each client to determine investment objectives and may impose restrictions. PAAMCO Prisma's services include multi-asset investing programs (Molecule, Managed Account Platform, Fund of Funds) and co-investment programs (Apex strategies). They engage third-party investment managers for certain services. PAAMCO Prisma also provides advisory or consulting services to advisory clients.
Fee Structure
PAAMCO Prisma generally receives management or administration fees for discretionary services provided to Funds, payable either quarterly in advance or monthly in arrears. In some cases, they receive performance-based compensation, generally payable annually. Fees are adjusted for additions or withdrawals. The fees charged for Accounts are subject to negotiation. PAAMCO Prisma does not receive a management or incentive fee with regard to the MAP Funds. Each MAP Manager generally receives (i) management fees in the range of 0 – 2.0% of, typically, net asset value, or, in some instances, a notional trading amount and (ii) incentive fees in the range of 0 – 20%, at times, subject to a high-water mark and/or a hurdle. With respect to Molecule, PAAMCO Prisma is entitled to receive an administration fee, calculated and payable each calendar month in arrears at an annual rate currently set at 0.50% of the balance of each investor’s respective capital account. PAAMCO Prisma is also entitled to a performance fee from the Molecule funds calculated in accordance with terms set forth in the offering documents for the applicable Molecule Fund.