TEK thorney technologies ltd

Ann: TEK to introduce a high watermark, page-5

  1. 1,000 Posts.
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    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.
 
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