Alta Fundamental Advisers LLC (AFA) provides investment advice to clients, including private investment funds and separately managed accounts. AFA's advice is based on the client's specific investment objectives and strategies. Investors in AFA's funds generally cannot tailor their investments individually. The investment objectives, fees, and terms of separately managed accounts are negotiated individually. AFA may enter into side letters with some clients, providing them with additional rights or different terms than other investors.
Fee Structure
AFA manages investments for private funds and separately managed accounts.
For private funds, AFA receives a management fee, generally in the range of 0.00% to 0.50% per quarter (0.00% to 2.00% per year) of the fund's net asset value. An affiliate of AFA also receives an incentive allocation from the funds, generally in the range of 10% to 20% of net appreciation annually.
For separately managed accounts, AFA negotiates the annual management fees, which generally range from 0.00% to 2.00% of net assets per year. Some separately managed accounts also pay an incentive allocation (or performance-based fee) generally in the range from 10% to 20% of annual net appreciation.