performance fee

  1. R

    Avoiding circular reference for carry / performance fee computation

    Dear all, I am trying to compute carry or performance fee for a hypothetical fund. The performance fee or carry is 20% of total profit, provided 1) Hurdle rate or threshold is met 2) High water mark (HWM) clause, i.e. no performance fee is paid unless the net asset value (NAV) for this...

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