Lucerne Capital provides investment advice to privately offered investment funds and sub-advised accounts, investing primarily in international equity and equity-like securities. Lucerne Capital manages these funds on a discretionary basis, following the investment objectives and guidelines outlined in each fund's governing documents. Lucerne Capital does not provide individualized investment advice to any particular limited partner of any client.
Fee Structure
Lucerne Capital manages investments for privately offered investment funds and sub-advised accounts. Lucerne Capital typically charges advisory fees as described in the relevant client’s governing documents. The fees payable to Lucerne Capital vary from client to client and can be different from the fees and compensation payable in respect of any prior or successor client. In general, Lucerne Capital and certain of its affiliated entities receive a management fee for its portfolio management services and certain clients also pay performance-based fees which are calculated and paid in accordance with the relevant client’s governing documents. Typically, the management fee for the funds range between 0% and 2.0% on an annualized basis. The management fee is charged in advance or in arrears on a prorated basis and is deducted from investor assets in the relevant fund. All fees are negotiated and documented within the governing documents.