Introduction

The Individually Managed Account (IMA) offers access to the investment management capabilities of Peters MacGregor Capital Management. The portfolio is held directly by the owner or nominated vehicle. Voting rights attaching to the shares are assigned to the manager for the period of the Management Agreement.

Authorised Investments

The Management Agreement permits investment only in listed shares, cash equivalent securities (e.g. bonds) cash depositories and certain futures contracts.

Minimum Investment

The initial minimum investment is $2,000,000. Minimum additional investments $100,000

How to invest

For details of how to invest please contact us.

Investment Objective

Our investment objective is to:

*Outperform the MSCI World Total Returns Index (net local) net of our fees over the long term (five years plus).

*Preserve and generate capital growth over this period. 
 
The portfolios managed by Peters MacGregor Capital Management will have a high level of concentration relevant to other investment portfolios and it is not expected that actual performance of the portfolios will track this MSCI Index.

The Portfolio does not borrow, and generally uses foreign currency hedging contracts to mitigate the risks of fluctuations in foreign currency movements with respect to investments domiciled in foreign countries.

Entry Fee

Nil

Early Exit fee

An early exit fee is payable if the management agreement is terminated by the investor within the first five years.

1. 5% of the money withdrawn in the first year
2. 4% of the money withdrawn in the second year
3. 3% of the money withdrawn in the third year
4. 2% of the money withdrawn in the fourth year
5. 1% of the money withdrawn in the fifth year
No exit fee if invested for more than five years

Management Fee

Nil

Performance Fee

20% of the net gains in the Portfolio's net asset value plus gst (gains include dividends, all other distributions and interest received on any short term cash holding accounts)

High Water Mark

A high water mark measure is applied to the total portfolio prior to performance fees being calculated.