a provision serving to ensure that a Fund Manager only collects Incentive Fees on the highest Net Asset Value previously attained at the end of any prior fiscal year — or gains representing actual profits for each investor.
Latham & Watkins is pleased to provide our Book of Jargon® — Hedge Funds. The Book of Jargon® — Hedge Funds
is a comprehensive glossary of hedge fund slang, legal and regulatory terminology, and acronyms.
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