Watchtower Advisors provides investment advisory services to Watchtower Onshore Fund, LP and Watchtower Offshore Fund, Ltd. These Feeder Funds invest in Watchtower Offshore Master Fund, LP. Watchtower manages each Fund according to its investment objectives and guidelines, as disclosed in their respective confidential private placement memorandum and other governing documents. Watchtower does not tailor its advisory services to the individual needs of its investors.
Fee Structure
Watchtower Advisors manages investments for pooled investment vehicles (the Funds). Each Feeder Fund pays Watchtower a quarterly investment management fee ranging from 1.00% - 1.25% per year of the net asset value of each series of shares or capital account of the applicable Feeder Fund. In addition, each Feeder Fund pays to Watchtower GP an annual performance-based allocation (the “Incentive Allocation”) which is generally allocable as of the end of each fiscal year, in an amount ranging from 12% to 17% of the net capital appreciation allocated to such Feeder Fund, subject to a high-water mark and in certain instances, a hurdle.