Investor Platform launch
The day has come! After three years of hard work, we are proud to announce that our investor platform is going off Beta on Wednesday 9 December 2015!
Starting this Wednesday, our investor platform will open up to everyone with the following amendments to the conditions we used to offer during our Beta phase
1. Performance fees
As you may recall, during our Beta phase investors were charged a 20% quarterly performance fee. 15% (i.e. 75% of the total) was passed on to DARWIN providers and Darwinex kept 5% of the total.
Going forward, Darwinex is waiving its 5 % performance fees so that DARWIN Providers receive 20 % performance fees in full.
Performance fees are still calculated on a high watermark basis and are payable quarterly. Quarters are calculated individually for each investor (i.e. if Investor 1 starts investing on 1 January 2016 and Investor 2 starts investing on 1 March 2016, performance fees for Investor 1 are paid out to the DARWIN Provider on 1 April 2016, whereas performance fees for Investor 2 are payable on 1 June 2016).
2. Min. amount allowed per DARWIN
During our Beta phase, the min. investment allowed per DARWIN used to be 50 EUR / USD / GBP. Now that we added indices & further commodities to our offering, the minimum investment amount in a DARWIN has changed to 200 EUR / USD / GBP.
3. Max. amount allowed per DARWIN
The maximum amount varies across DARWINs, depending on investor demand and how that DARWIN’s performance scales as assets under management grow.
Our priority is for investor performance to closely replicate trader performance, so the max. investment amount per investor in a given DARWIN is 25,000 EUR / USD / GBP. However, should an investor be interested in investing more than 25,000 EUR / USD / GBP in a specific DARWIN, we’ll be happy to review their case and increase their limit.
The total investment allowed per DARWIN ultimately depends on each DARWIN’s scalability – a measure of how investor performance worsens as funds invested in a DARWIN grow.
This is just the beginning! We are already working on new features you’ll love. The best is yet to come!