Question
QUESTION 35 Which of the following statements are true? Statement 1: A partnership structure is normally observed for hedge funds. Statement 2: High water marks
QUESTION 35
- Which of the following statements are true?
Statement 1: A partnership structure is normally observed for hedge funds.
Statement 2: High water marks is disadvantageous to the client because it essentially obligates the client to pay for the same performance twice.
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| a. | Statement 1 only |
|
| b. | Statement 2 only |
|
| c. | None of the above |
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Managing Cash Flow An Operational Focus
Authors: Rob Reider, Peter B. Heyler
1st Edition
0471228095, 9780471228097
