Skaana Management provides investment advisory services to a private fund, Skaana Partners L.P. Skaana uses a capital-restrained convertible investment strategy that maximizes risk-adjusted returns. The firm focuses on hedged investments using convertible securities in combination with positions in underlying common stocks. Skaana does not tailor its advisory services to individual investors in the fund.
Fee Structure
Skaana Management charges the fund a monthly management fee of $100,000 or less, which may be increased up to 1/12 of 2% of the fund's net asset value each quarter. Skaana also charges a performance allocation equal to 30% of the net capital appreciation of the fund at the end of each fiscal year, subject to a high-water mark. These fees are deducted directly from the fund.