Orbis charges a zero base fee and refundable performance fee
Adam Karr · Adam Karr – Extreme Alignment at Orbis (EP.338) · Sep 14, 2023 · at 12:52
Adam Karr, President and Portfolio Manager at Orbis, explains the asset manager's fee model designed to align incentives with institutional clients.
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“On our long only strategies, we Have a refundable performance fee. For our larger institutional clients, there's a zero base fee. So if we don't add value, generate alpha, client pays, zero fee. If we generate outperformance, we share that with a client whereby we earn a third of that.”
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