Transparent Fee Structure
Simple, aligned pricing with no hidden costs
Covers research, operations, and portfolio management
Only on profits above high-water mark & hurdle
Investment Requirements
Designed for serious, long-term investors
Minimum Investment
Initial minimum for new clients ensures meaningful portfolio allocation and cost-effective management.
Accredited Status
SEC regulations require accredited investor status for participation in our strategies.
Time Horizon
Our contrarian approach requires patience. Best suited for investors with multi-year investment horizons.
How Our Fees Work
Complete transparency in every aspect
Management Fee: 2% Annually
The management fee covers all operational aspects of your investment:
- Continuous research and market analysis
- Portfolio construction and rebalancing
- Risk management and monitoring
- Regular reporting and client communications
- Compliance and regulatory requirements
Performance Fee: 20% of Profits
We only earn performance fees when you make money:
- Only on profits above your high-water mark
- Only applies to returns above hurdle (1-3 Month T-Bill ETF)
- No double-charging during recovery periods
- Crystallized annually on December 31st
- Aligns our success directly with yours
Industry Comparison
How our fees compare to alternatives
| Investment Option | Management Fee | Performance Fee | Typical Minimums | Alignment |
|---|---|---|---|---|
| Glenorchy Capital | 2% | 20% | $200K | Heavily Invested |
| Typical Hedge Fund | 2% | 20% | $1M-$5M | Varies |
| Mutual Funds | 0.5-2% | None | $1K-$10K | Limited |
| Private Wealth Managers | 1-1.5% | Sometimes 10-15% | $500K-$1M | Varies |
| Robo-Advisors | 0.25-0.5% | None | $0-$500 | None |
Source: Industry data compiled from Morningstar Direct, Hedge Fund Research Inc., and SEC filings as of 2025
Why Our Structure Makes Sense
Our 2% + 20% structure is standard for active management with a proven track record. Unlike mutual funds, we eat our own cooking with substantial personal capital invested alongside clients.
Lower Minimums Than Hedge Funds
Most hedge funds require $1M+ minimums. Our $200K minimum makes institutional-quality management accessible to successful professionals and business owners.
Complete Fee Transparency
What's Included (No Extra Charges)
Third-Party Costs (Separate)
The only additional costs are standard third-party expenses, which may include:
- Brokerage commissions (typically $0-10 per trade)
- Custodian fees (varies by custodian)
- Wire transfers (if requested)
- Odd-lot differentials
- ETF fund related expenses
- Taxes and other fees
These are pass-through costs charged by third parties, not Glenorchy Capital fees.
True Alignment of Interests
We Invest Alongside You
Chris and Brad invest their substantial personal capital in the same strategies offered to clients. We literally cannot succeed unless you do.
Performance-Based Compensation
The majority of our compensation comes from performance fees. We're incentivized to generate returns, not just gather assets.
Long-Term Focus
Our contrarian approach and fee structure reward patient, long-term thinking over short-term speculation.
"We invest our own substantial personal capital in the same strategies as our clients. We eat our own cooking. Your losses are our losses, your gains are our gains."
— Chris MacIntosh & Brad McFadden
Common Fee Questions
Can I negotiate the fees?
Our fee structure is standardized for all clients to ensure fairness. Larger accounts ($1M+) may qualify for slightly reduced management fees.
When are fees deducted?
Management fees are calculated daily with the sum of all daily amounts and charged quarterly in arrears. Performance fees are calculated and charged annually on December 31st.
What if I withdraw mid-year?
Management fees are prorated. Performance fees are calculated on gains at the time of withdrawal.
Are fees tax-deductible?
Investment management fees may be deductible depending on your situation. Consult your tax advisor for specific guidance.
Ready to Discuss Your Investment?
Schedule a consultation to explore how our fee structure and investment approach align with your financial objectives.
Minimum investment: $200,000 | Accredited investors only