A hedge fund has $105mm AUM (assets under management) with a high-water mark clause and...
80.2K
Verified Solution
Link Copied!
Question
Finance
A hedge fund has $105mm AUM (assets under management) with a high-water mark clause and performance fees that are paid quarterly. In Q1 the fund is worth 98mm, and in Q2 the fund is worth 108mm. Finally, in Q3, the fund is worth 104mm. Which of the following statements are correct? Select ALL that apply. Review Later The high-water mark is 104mm Q3 The high-water mark is $108mm in Q2 The hedge fund will not charge a performance fee in Q2 The hedge fund will not charge a performance fee in Q3
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
