Wealthspring Capital provides ongoing investment advisory services, focusing on special purpose acquisition companies (SPACs) and structured notes. They primarily manage accounts on a discretionary basis, selecting securities and executing transactions without prior client approval. Wealthspring also manages a private fund investing in notes of Bonito Re Ltd. They may use mutual funds, interval funds and ETFs from time to time.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 0.70% |
| $500K - $5.0M | 0.60% |
| $5M+ | 0.50% |
Fees are generally negotiable. Some existing qualified clients pay a 20% performance fee based on capital appreciation in lieu of the standard fee. WSC may aggregate the assets of related accounts to reach lower advisory fee breakpoints. WSC has the right to waive/reduce any client fees, including fees charged on cash and cash equivalents and on assets managed outside of the firm’s main investment strategies, and will consider the aggregate assets under management under a sub-advisory agreement when making this determination.