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Catchword for “high water mark”
Catchword: high water mark
Filed Under: , ,
Part of Speech: n.
Quotation: Finally, most hedge funds have something called a high water mark. It requires hedge fund managers to make investors whole before they can start collecting their 20 percent of the profits—regardless of how long that takes. Hedge fund managers don’t get to start from scratch every Jan. 1 the way their mutual fund brethren do.
Article or Document Title:
“Running a Hedge Fund Is Harder Than It Looks on TV” (URL)
Author:
Andrew Ross SOrkin
Article, Document, Publication, Web Site:
New York Times
Date of Publication:
Aug. 19, 2008
This catchword has yet to be researched.
Posted 20 Aug 08 | Permalink | Tell a Friend

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