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

  1. jferraz
    1,000 Posts.
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    14/11/23
    10:22
    Post #: 70884658
    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.
    TEK Price at posting: 13.0¢ Sentiment: Sell Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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