anyone can explain, page-5

Thanks Uridashi,

So far I can't say any negaive about the management.

Performance fee is calculated based on how much the funds outperformed benchmark. I would have thought performance fee should keep coming in given that Everest outperformed. This is what puzzles me even after considering the market sentiment: is there something more than the sentiment?


Just wondering if EBI performed in line with EBB? or if such fall is caused by some new structual change that I am not aware of?

Thanks again.