3. Private Equity (LO1, CFA4) The compensation constraint that requires private equity fund managers to give back
Question:
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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Related Book For 
Fundamentals Of Investments Valuation And Management
ISBN: 9781260013979
9th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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