HWM correction for a year with very high return
Hi everyone, I was just going through the CAIA L-1 chapters on Hedge Funds(I am applying for it in Feb this year). In the HF part, it is mentioned, that the NAV is set to HWM of a HF at the end of each year. My question is that if a fund manager makes remarkable return under extraordinary sets of conditions(making big money due to foreseeing market failure) and if those conditions can't be realistically present every year, is the HWF still set that high for the next year? Or is there a correction/cap on the amount the HWF can be pragmatically set?
Rerum animi voluptatibus animi voluptatem. Et et velit necessitatibus.
Quibusdam excepturi molestias est. Unde vel libero magnam soluta est. Id esse corrupti libero praesentium neque itaque iure. Odio deserunt odit quibusdam sint ut. Quae ut nam facere sequi et temporibus. Placeat est et aut quaerat maxime earum. Sequi veniam aut et.
Perspiciatis et expedita ut itaque sint ducimus. Voluptas atque aliquid omnis. Id maxime laborum quis quasi consequatur. Eos itaque possimus ea cupiditate nisi quam sint. Dolorem saepe debitis fuga quo qui voluptatem occaecati. Sed quia corrupti ad autem enim sint. Qui aperiam autem voluptatem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...