Investments
11th Edition
ISBN: 9781259277177
Author: Zvi Bodie Professor, Alex Kane, Alan J. Marcus Professor
Publisher: McGraw-Hill Education
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Chapter 26, Problem 10PS
Summary Introduction
To determine:
The levels of incentive value as it will on upper side or lower side if the high water mark of a hedge fund having value of
Introduction:
High water mark is the mark set for the investment's highest value return. This mark is set to ascertain the performance of fund manager.
Incentive fees is the amount charged by t he fund managers to achieve an excess return over the set criteria of the rate of investment.
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