Examlex
Match each definition with the correct word part.
-adip/o
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.
Survivorship Bias
The error of focusing only on the entities that have survived some process and overlooking those that have failed.
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