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.
It's not the high watermark that is the issue, it's the...
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Mkt cap ! $54.24M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 676216 | 13.0¢ |
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| Price($) | Vol. | No. |
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| 14.0¢ | 243460 | 4 |
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