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High-water marks and hedge fund management contractsIncentive or performance fees for money managers are frequently accompanied by high-water mark provisions which condition the payment of the performance fee upon exceeding the maximum achieved share value...
général - core.ac.uk - PDF: icfpub.som.yale.edu
Effort, risk and walkaway under high water mark style contracts, working paperWe study a hedge fund style contract in which management fees, incentive fees and a high water mark provision drive a fund manager’s effort and risk choices as well as walkaway decisions by both the fund manager and the investor...
An investigation on the high water mark as a land boundary...This project has been undertaken to investigate the uncertainty in Queensland with regard to the definition of the high water mark...

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