Briefly explain how a high-water mark prevents hedge fund managers from manipulating their performance fee.
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Briefly explain how a high-water mark prevents hedge fund managers from manipulating their performance fee.
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When a hedge fund has a highwater mark the manager will only re...View the full answer
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Related Book For
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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