It's not the high watermark that is the issue, it's the six-monthly performance fee criteria. Performance fee should be based on increasing NAV, period. The investment manager should not be rewarded for a fluctuating NAV. This 'high watermark' is just jargon and evading the real issue. Not convinced.
Ann: TEK to introduce a high watermark, page-5
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Last
13.5¢ |
Change
-0.010(6.90%) |
Mkt cap ! $54.47M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.5¢ | $5.4K | 40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 255697 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 223328 | 4 |
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| Last trade - 15.12pm 24/05/2024 (20 minute delay) ? |
| TEK (ASX) Chart |