Despite performance gains, hedge funds fail to make high-water mark progress
By Rob Copeland
Wed Oct 30, 2013
About 60% of funds are on track to earn performance fees this year.
A year of broadly positive returns for hedge funds as a whole has failed to help those flailing below their high-water marks, the important inflection point at which managers can earn performance fees on top of management fees, according to an analysis of managers reporting to the HedgeFund Intelligence database.
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