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Podcast: Tokens of Wisdom
Episode: Episode 24: High Water Marks
Description: Today we’re talking all about High Water Marks in a hedge fund-style vehicle. Of course, to understand HWMs, first you need a basic understanding of how performance allocations work, so we start there.Key Points From This Episode:Basic performance allocation mechanics.What is a High Water Mark and how does it work?A few ways to make it more complicated.Illustrative examples with math simple enough even I can do it.Disclaimer:This show is for informational purposes only. Nothing presented he...