3. Private Equity (LO1, CFA4) The compensation constraint that requires private equity fund managers to give back

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3. Private Equity (LO1, CFA4) The compensation constraint that requires private equity fund managers to “give back” performance fees when subsequent losses occur is a(n) _____ provision.

a. High-water mark

b. Clawback

c. Zenith

d. Index

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Fundamentals Of Investments Valuation And Management

ISBN: 9781260013979

9th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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