Locust Wood Capital Advisers manages investments for private investment funds and separately managed accounts. Locust Wood seeks undervalued businesses in public markets, but can invest in a wide variety of securities and financial instruments, both domestic and foreign. Locust Wood generally does not permit investors in the Funds to impose limitations on the investment activities described in the Funds’ offering documents. Under certain circumstances, Locust Wood will contract with a Separate Account client to adhere to limited risk and/or operating guidelines imposed by such client.
Fee Structure
Locust Wood manages investments for private investment funds and separately managed accounts. Fees are described in the advisory contracts and are paid quarterly in advance. Locust Wood may receive performance-based fees from Separate Accounts annually. Management fees, performance-based compensation, and expenses may be reduced, rebated, discounted, or waived in certain circumstances. Separate Accounts have management fee and performance-based compensation that differ in one or more respects from those applicable to investors in the Funds since they are negotiated on a case by case basis.