The Previous Value of a Portfolio That Must Be Reattained

question 24

Multiple Choice

The previous value of a portfolio that must be reattained before a hedge fund can charge incentive fees is known as a

• A)benchmark.
• B)water stain.
• C)water mark.
• D)high water mark.

---

Definitions:

U.S. Prisons

Correctional facilities in the United States that incarcerate individuals convicted of crimes, a key component of the country's criminal justice system.

Blacks

Term historically used to refer to individuals of Sub-Saharan African descent, often related to discussions of racial identity and experiences.

Presidential Election

A nationwide election held in a country that practices presidential democracy, where citizens cast their votes to elect the president, the head of state and government.

Florida

A state located in the southeastern region of the United States, known for its diverse culture, tourist attractions, and significant historical events.