A "hard" hurdle is calculated only on returns over the hurdle level.[104] By instance the manager sets a hurdle amount equivalent to five%, plus the fund return fifteen%, incentive charges would only implement to the 10% over the hurdle fee.[103] A hurdle is meant to ensure that a supervisor is https://smartmoney62470.ltfblog.com/33829261/indicators-on-hedge-funds-you-should-know