UncleEbenezer wrote:bernie wrote:Hello Uncle Ebenezer,
What makes Titan too expensive? The details are here: octopusinvestments dot com/investor/our-products/venture-capital-trusts/octopus-titan-vct/
I see a 2% annual fee and 20% performance fee.
The problem with the 20% is that there is no annual hurdle. There was an initial hurdle, but since that has been reached, the 20% is awarded on everything above that. Not - as is more usual (and acceptable) - on everything above a hurdle like 6% or RPI+2% or LIBOR+2% or somesuch, but on everything above 0%.
Is that the same for Octopus Apollo? I see performance fee details here:
https://www.wealthclub.co.uk/venture-ca ... pollo-vct/
Apologies if it should be obvious from reading that, but I just want to be sure.