Proteus, LLC provides investment management and advisory services through a proprietary alternative investment platform. Proteus organizes and manages pooled investment vehicles—including feeder funds and master funds—that provide approved investors with access to professionally managed alternative investment strategies. Rather than advising individual retail accounts directly, Proteus conducts due diligence on, selects, and continuously monitors third-party investment managers, constructing diversified portfolios of private investment products. Proteus generally has the authority to allocate capital among these underlying managers without prior client approval. The firm primarily serves accredited investors, qualified purchasers, and qualified clients who meet specific net worth and income thresholds. Proteus also manages specialized funds, such as the Weather Mark Fund, which utilizes a subadvisor to invest in individual securities through separately managed accounts.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $25.0M | 0.96% |
| $25.0M - $50.0M | 0.84% |
| $50.0M - $75.0M | 0.72% |
| $75.0M - $100.0M | 0.60% |
| $100M+ | 0.48% |
Standard fee schedule applies a maximum annual rate of 0.96% for initial tiers, decreasing for larger capital allocations. Certain funds, such as the Weather Mark Fund, charge a flat 1.50% advisory fee plus a 20% performance-based allocation.