NISM 19D Alternative Investment Fund Managers Certification Exam Notes

Page 55 Of 141

Go to:

  • Operational Costs: Include audit, legal, and administrative expenses.
  • Performance Fee Timing: Paid at fund maturity or on realized gains.
  • Hurdle Rate Importance: Aligns manager and investor interests.
  • High-Water Mark Impact: Protects investors from paying fees on volatile returns.
  • Clawback Mechanism: Ensures equitable profit distribution over fund life.

NISM 19D Alternative Investment Fund Managers

MODELEXAM MODELEXAM®