Portfolios are tailored to meet each client’s specific needs. Pooled fund and segregated account strategies are available to investors with a minimum of $2 million. Fees are structured to recognize aggregate family holdings managed by Manitou.
Segregated accounts
Securities are held in an RBC Dexia segregated account in the client’s name.
Investment management fees for segregated accounts are as follows:
- First $2 million — 1.25% per annum
- Next $8 million — 0.75% per annum
- Over $10 million — 0.60 per annum
Custody fees payable to RBC Dexia:
- First $5 million — 0.15% per annum
- Over $5 million — 0.06% per annum
Minimum custody of $1,000 per year with custody fees paid monthly.
Manitou Partners Fund
The Manitou Partners Fund was launched at the end of 1999. Its mandate and long-term track record are similar to most equity-oriented segregated accounts managed by Manitou.
The fund is RSP eligible.
The fund is governed by a trust indenture between RBC Dexia as Trustee and Manitou Investment Management as Manager. As Trustee, RBC Dexia serves as custodian of the Fund’s investments. The Fund is audited annually by PricewaterhouseCoopers.
The fee (including custody) is 1% of the net asset value per annum, which is paid quarterly based on the market value of the assets. There are no up-front, transfer or exit fees.
