The Bovell Global Macro Fund accepts investors from all jurisdictions except citizens of the United States of America. The minimum initial subscription is 100,000 USD or equivalent.
The Fund is unique in that, in a departure from industry convention, no management fees are charged. The investment manager is remunerated based on performance only. The investment manager’s decision to omit a monthly management fee from the Fund’s fee structure is rooted in the desire to perfectly align the interests of the investment manager with those of the investors. Under this structure the investment manager does not earn income from the Fund unless the investors’ wealth increases first.