GIPS2020 Term – High Watermark
Ivy Hesse2018-12-21T19:55:33+00:00#21 High Watermark Full Definition This term is defined in the GIPS 2020 Exposure Draft as “Last highest net asset value that a POOLED FUND or SEGREGATED ACCOUNT MUST exceed in order for the investment manager to be entitled to a PERFORMANCE-BASED FEE.” Key Points about This Term This term is new in the Global [...]