Mastodon Capital Management focuses on investment management for the Adaptive Income Fund, LP. Cameron Drummond owns and manages the firm. Mastodon has full authority over how the fund's money is invested, following the fund's rules. The firm also chooses the fund's service providers, like brokers and auditors.
| Portfolio Value | Annual Fee |
|---|---|
| Any | 1.00% |
The firm also charges a performance-based incentive fee of 15% of net capital appreciation. This fee is subject to a “high watermark” requirement and may only be charged to “qualified” clients.