Name: What Is a High-Water Mark & Why Does It Matter to Investors?
Uploaded: 2021-10-21
Duration: 2 min 23 s
Description: High-water marks keep the manager motivated to outperform their past. They also protect investors from paying a fee for poor performance, and from paying a fee repeatedly every time the fund earns a profit at a level that is below the high-water mark.

What Is a High‑Water Mark & Why Does It Matter to Your Investors?