Examlex
The ____ effect occurs when we learn new information after an event and incorporate that information into our memory of the event.
Market Risk
The risk of losses in investments due to factors that affect the overall performance of financial markets.
High Water Mark
A clause in fund management contracts that prevents fund managers from receiving large bonuses for poor performance, ensuring they only earn a performance fee when the fund's value exceeds its previous highest value.
Incentive Fees
Fees paid to a fund manager based on performance, often as a percentage of the investment gains beyond a specified benchmark.
Hedge Fund Manager
An individual or firm responsible for making investment decisions in a hedge fund to maximize returns and minimize risks.
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