JB Convertible Bond Hedge Fund has made changes to its fees with effect from 1 July 2009.
JB Convertible Bond Hedge Fund has made changes to its fees with effect from 1 July 2009.
The annual management fee paid by the fund to Baer Select Management on the USD-1 shares, the EUR-1 shares, the GBP shares, the CHF shares and the JPY shares will be reduced from 1.75 per cent to 1.5 per cent of the net asset value of each class of share.
The redemption fee of two per cent, currently charged on any EUR-2 shares or USD-2 shares that are redeemed within 12 months of issue (or acquisition if acquired in the secondary market), will no longer be applied.
Year-to-date the fund is up 21.78 per cent as at 31 May 2009.
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