Tiercel SEZC

Tiercel SEZC Trend Program I (Proprietary)

Minimum Investment
$ 500,000
Management Fee 1.00%
Performance Fee 20.00%


The performance set forth above is for a proprietary account maintained by a principal of Tiercel SEZC traded pursuant to the program. The performance has been pro forma adjusted for a 1% ( annualized) monthly management fee and a 20% monthly incentive fee with a high watermark, that would have been charged to a customer account participating in the program. Tiercel SEZC has chosen to use the performance of proprietary account in this presentation as it has continuously operated since inception.