PEOPLE OVERVIEW. The 2016 Redwood City, California, population is 85,288. There are 4,385 people per square mile (population density).
In addition to paying the portfolio manager's salary, the management fee covers the cost of the investment manager's staff, research, technical equipment, computers, and travel expenses to send analysts to meet corporate management. While fees vary, the average equity mutual fund management fee is about 1.40%.
The management fee will be paid quarterly in arrears. Any investment made in a primary fund of funds, co-investment fund or secondary fund managed by the Investment Manager will be excluded from the management fee calculation. Also no management fees to the Inv. Manager on cash and short-term investments. The Investment Manager also receives an annual administration fee equal to 0.1% of the NAV of private equity and opportunistic investments.