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The Manager receives a management fee of 112 of 2 (or a pro rata proportion thereof) per month of the closing NAV (before deduction of that month's management fee and before making any deduction for any accrued performance fee) as at the last valuation day in each month, payable monthly in arrears.

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To understand herein is an example, if I have a good X whose price I anticipate tradding increase in the future and my friend thinks it will fall and makes a deal with me that after one month we shall buy it at a predetermined price and have a contract. Etrade trader. Using the method is like measuring precision machinery jn a rubber band.

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