CoachA management fee is a fixed annual percentage of the assets. A performance fee is a percentage of the profit of the period. Under a high-water mark the performance fee is charged only on the amount by which the investor’s net asset value exceeds its highest previous fee-paying level: losses must be recovered before the manager is paid on gains again.
Quantitative Finance · Glossaire
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Aussi appelé : management fee · performance fee · high-water mark