High water mark indicates the highest previous NAV (net asset value) of a portfolio at specified periodic measurement dates, e g , calendar quarter ends A manager receives a performance fee only when the portfolio value exceeds its previous high A high water mark policy prevents a manager from taking a bonus for good performance in a given period without first recovering any earlier absolute losses
A line or mark left upon water level flats, beach, or alongshore objects indicating the elevation of the intrusion of high water The mark may be a line of oil or scum on alongshore objects, or a more or less continuous deposit of fine shell or debris on the foreshore or berm This mark is physical evidence of the general height reached by wave runup at recent high waters
Expressed in number of records and associated with the Spatial Data Option partitioned table structure, it defines the maximum number of records to store in a table before decomposing another level The high water mark determines the maximum size of a partition within the Spatial Data Option table
A line or mark left upon tide flats, beach, or along shore objects indicating the elevation of the intrusion of high water The mark may be a line of oil or scum on along shore objects, or a more or less continuous deposit of fine shell or debris on the fore shore or berm This mark is physical evidence of the general height reached by wave run up at recent high waters It should not be confused with the mean high water line or mean higher high water line
- The assurance that a fund only takes fees on profits unique to an individual investment For example, a $1,000,000 investment is made in year 1 and the fund declines by 50%, leaving $500,000 in the fund In year 2, the fund returns 100%, bring the investment value back to $1,000,000 If a fund has a high water mark, it will not take incentive fees on the return in year 2, since the investment has never grown The fund will only take incentive fees if the investment grows above the initial level of $1,000,000
The assurance that a fund only takes fees on profits unique to an individual investment For example, a $1,000,000 investment is made in year 1 and the fund declines by 50%, leaving $500,000 in the fund In year 2, the fund returns 100%, bring the investment value back to $1,000,000 If a fund has a high water mark, it will not take incentive fees on the return in year 2, since the investment has never grown The fund will only take incentive fees if the investment grows above the initial level of $1,000,000
1 The mark left by the tide at high water Also the line or level reached, usually the highest Also known as high water line 2 A permanent mark which indicates the maximum observed level of tide