There is no fixed management fee. Hyperion Asset Management receives a fee that is performance based and payable yearly in arrears.

The performance fee is 15% of the amount by which HIP’s net performance before tax (that is, after all costs and outlays but before the calculation of the performance fee) exceeds the interest rate payable on bank bills as represented by the UBS Bank Bill Index for the financial year. If the HIP's net performance in the year is less than the interest rate payable on bank bills as represented by the UBS Bank Bill Index for the year, then no performance fee will be payable.

Hyperion Asset Management is also required to provide administrative services to HIP for which it receives no additional remuneration.