NISM 19C Alternative Investment Fund Managers Exam Notes

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  • Benchmarking: Compares fund performance to relevant market indices.
  • Performance Fees: Tied to hurdle rates and high-water mark principles.
  • Hurdle Rate: Minimum return threshold for earning performance fees.
  • High-Water Mark: Ensures fees are charged only on new profits.
  • Risk-Adjusted Returns: Measured using Sharpe ratio or Sortino ratio.

NISM 19C Alternative Investment Fund Managers

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