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High water mark
Principle whereby the manager of a hedge fund does not receive a percentage of the growth in the fund's value until any losses incurred in the previous year have been made up during the current year.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
- Product:
- Acronym-Abbreviation:
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