Legato Capital Management is a manager-of-managers, building customized multi-manager equity portfolios for institutional clients. Legato selects sub-advisers, allocates client assets among them, monitors their performance, and provides client reporting. Legato tailors its services to each client's needs, including investment objectives, guidelines, and risk parameters.
Legato's fees are based on a percentage of the assets they manage. The fees are established on a client-by-client basis and are typically inclusive of the sub-advisers' fees. The annual fee depends on the asset class, and the rate decreases as the amount invested increases. All fees are subject to negotiation.