Back again! They did not have enough takers last time. Fees were...

Back again! They did not have enough takers last time. Fees were very high. The difference between the fees this time around and last time is significant. I don't have a copy of the old prospectus anymore but my notes at the time indicate the following:

1.75% Fund Management fee
plus up to "0.75% expenses"
plus 0.5% to the portfolio manager
plus performance fee 15% (my notes also include an additional 9% at times?).

This time around (2016 prospectus):
1.25% Management fee (60/40 split fund manager portfolio manager)
plus expenses such as brokerage, transaction taxes, Indian accountants
plus 15% performance fee