Have you introduced hurdle rates on your performance fees?
Yes, we have introduced specific hurdle rates on at least some of our funds before taking a performance fee
Not yet, however we are coming under more pressure from investors to introduce hurdles linked to a set figure or benchmark and may well have to add them soon
No, we do not have any hurdle rates associated with our performance fees, aside from the usual high water marks, and don’t feel we will be forced to add them any time soon
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