Black Lake Investments provides investment advice to clients who invest in residential mortgage loans, agency mortgage servicing rights, and other mortgage-related assets. Black Lake offers MSR portfolio advisory services, including risk reports, hedge recommendations, and performance reporting. Black Lake also provides valuation services, offering third-party estimates of fair value for MSR assets. Black Lake tailors its advisory services to each client based on their investment guidelines.
Fee Structure
Black Lake's management fee varies between 0.5% and 1.50% of the assets they manage. Clients may negotiate a fixed monthly fee based on portfolio size and services requested. Fees are calculated annually and billed monthly in arrears, based on the unhedged value of the portfolio. Black Lake may also receive incentive compensation between 5% and 25% of net gains. Clients may also be charged a one-time setup fee and execution fees.