Nearly 60% of funds are on track to charge performance fees this year.
| ||Funds above their high-water marks|
| ||Key: + Above HWM / - Below HWM|
(+/- do not denote performance)
Source: HedgeFund Intelligence database.
| || |
|Strategy||% Above HWM|
|Convertible & Equity Arbitrage||88%|
|Global Emerging Market Debt||63%|
|Global Emerging Market Equity||33%|
|Latin American Debt||71%|
|Latin American Equity||65%|
|Mortgage Backed Securities||96%|
Nearly 60% of Americas-based hedge funds ended the first quarter above their high-water marks, putting them in position to earn performance fees on top of the mandatory