Like the high-water mark, it also helps investors to pay performance fees for returns below expectation. The major difference is that under the high-water mark clause, the performance fee of the current term can be impacted by the previous performance of the fund. However, the current performa...
Convex compensation, long horizons, and portfolio choice. The Journal of Finance , 64 (1), 1–36.Panageas, Stavros and Mark Westerfield, 2009, "High Water Marks: High Risk Appetites? Convex Compensation, Long Horizons, and Portfolio Choice," Journal of Finance, 64, 1-36....
Definition of high-tension in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is high-tension? Meaning of high-tension as a finance term. What does high-tension mean in finance?
Year High-Water Mark New NAV Performance Fee 1 $100 $140 =20% of $40=$8 2 $140 $120 No performance fees as the NAV is below the high-water mark 3 $140 $160 =20% of $20=$4© 2025 Finance Train AboutContactTermsPrivacy Feedback...
20. advanced in complexity or development: high finance. 21. (Automotive Engineering) (of a gear) providing a relatively great forward speed for a given engine speed. Compare low121 22. (Phonetics & Phonology) phonetics of, relating to, or denoting a vowel whose articulation is produced by...
Definition of highlight in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is highlight? Meaning of highlight as a finance term. What does highlight mean in finance?
Britain’s finance ministry and the Bank of England should take the interests of taxpayers more into account in decisions around the sale of government bonds from the central bank’s massive balance sheet, lawmakers said on Wednesday. The BoE bought some 875 billion pounds ($1.10 trillion) of ...
20. advanced in complexity or development: high finance. 21. (Automotive Engineering) (of a gear) providing a relatively great forward speed for a given engine speed. Compare low121 22. (Phonetics & Phonology) phonetics of, relating to, or denoting a vowel whose articulation is produced by...
Learn everything you need to know about Xtrackers Short Duration High Yld Bd ETF (SHYL) and how it ranks compared to other funds. Research performance, expense ratio, holdings, and volatility to see if it's the right fund for you.
A high-water mark is the highest peak in value that aninvestment fundor account has reached. This term is often used in the context of fund manager compensation, which is performance-based. The high-water mark ensures the manager does not get paid large sums for poor performance. If the m...