Tenor Capital provides investment management services to private investment funds offered to qualified investors through private placements. These funds are structured as limited partnerships or other non-U.S. entities. Tenor Capital has discretionary trading authorization for these funds. The firm's investment strategies include credit, volatility, and equity relative value.
Fee Structure
Tenor Capital manages investments for private pooled investment vehicles. The management fee for the Tenor Opportunity Funds ranges from 1.25% to 1.5% annually, calculated quarterly in advance. There is also an incentive fee ranging from 17% to 20% of net capital appreciation. The TICAF Funds, Recompense Funds, and Recompense II Funds are subject to a management fee of up to 0.5% annually, calculated quarterly in advance, and a carried interest percentage ranging between 17% to 20%. The Parsoon Funds and TSSF may be subject to a management fee of up to 1.25% and 2% respectively, but current investors are not subject to this fee. These funds also have a carried interest percentage ranging between 12% to 20%.