Aetos Alternatives Management, LLC a subsidiary of Aetos Capital, LP
This article is part of a series on the investments of the SRHS pension plan.
SRHS pension plan has approximately $20 million under management by Aetos. Aetos is a hedge fund manager with $5 billion under management, catering to institutional investors and pension plans. SRHS is/was invested in the Aetos Capital Long/Short Strategies Fund, and is/was SRHS’ largest investment. This is a “fund of funds,” meaning that Aetos used investor money to invest with other hedge fund managers. We estimate that the pension plan paid Aetos approximately (or more) $140,000 in management fees in 2010.
- Management Fee: 0.75% of assets under management* Estimated to be approximately $140,000 annually
- Incentive Fee: 10% of profits, after the investment recovered from previous losses
- Hurdle Rate: 90 day Treasury Bill
- Lock-up Period: One year
- Notice period for redemption: 90 days
*Information for fees, lock-up, and redemption periods are unavailable for SRHS. We have used terms supplied by other pension fund disclosures/prospectuses to provide an idea of fee structures.
