Use of high watermarks is a different aspect of performance fees. It just means that post a negative period, they have to make back losses before they can begin to charge performance fees again. This is a positive feature because otherwise in a big fall, they can be charging performance fees from the bottom of the trough yet the investor can still be underwater.
- Forums
- Strategic Investments
- LICs
LICs, page-213
- There are more pages in this discussion • 144 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
Previous Video
Next Video
SPONSORED BY The Market Online