TB Alternative Assets Ltd. (TBAA) manages investments for private pooled investment vehicles (funds) and separately managed accounts (SMAs). TBAA focuses on securities listed on stock exchanges in Hong Kong, China, and the United States. TBAA sub-contracts some of its investment advisory responsibilities. TBAA and its sub-advisor have the authority to make investment decisions for clients. TBAA manages client accounts according to investment guidelines set forth in client documents.
Fee Structure
TBAA charges an annual management fee for managing client assets.
- For the Funds, the annual management fee is 1.5% of the assets under management attributable to Class A shares. No management fee is charged for Class B shares.
- For separately managed accounts, the annual management fee is around 1% to 2% of the client's assets under management.
TBAA also receives performance-based fees. For the Funds, this is 20% of the fund's investment return above a certain benchmark. For separately managed accounts, this is 15% of the client's investment return above a certain benchmark.