How does a high-water mark constrain hedge fund managers from earning excess performance management fees?

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Fundamentals of Investments, Valuation and Management

ISBN: 978-1259720697

8th edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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Question Posted: Nov 15, 2018 05:01 AM

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How does a high-water mark constrain hedge fund managers from earning excess performance management fees?

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Fundamentals of Investments, Valuation and Management

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