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Is the performance fee based on achieving a new level of profit?

April 26, 2017achieving based fee level PERFORMANCE profit

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Is the performance fee based on achieving a new level of profit?

1 Answer

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The performance fee is based on any new profit regardless of the previous month or month’s results though we may use discretion should there be a month in which no profit is shown. If we do not make any profit, then no performance fee is owed.