Worthington Capital Management is a registered investment advisor founded in 2020 and based in Memphis, Tennessee. Worthington Capital Management primarily provides discretionary investment advisory services to pooled investment vehicles, specifically the Worthington Convergence Fund and its associated master fund. Worthington Capital Management focuses its investment strategy on structurally mispriced assets, including closed-end investment companies, discounted dividends, and selective special situations. Worthington Capital Management tailors its investment decisions to the objectives of the funds rather than individual investor needs. Because Worthington Capital Management manages pooled investment funds rather than directly managing personal accounts for individual retail investors, its services and fee structures are tailored to fund investors who meet specific regulatory qualifications.
Fee Structure
Worthington Capital Management charges management fees based on the value of net assets in each investor's capital account, generally up to 1.25% per year, paid monthly. In addition, an affiliate of Worthington Capital Management receives an incentive-based performance fee of up to 15% of the net profits per year above any applicable hurdles.