Episode 24: High Water Marks
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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 here constitutes legal advice. Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/
Links Mentioned in Today’s Episode:
Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/
Cole-Frieman & Mallon LLP - https://colefrieman.com/
Music by Joe Ginsberg - https://www.instagram.com/thejoeginsberg
For any questions or comments, email: tow@colefrieman.com
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