- CFA Exams
- CFA Level I Exam
- Study Session 17. Alternative Investments
- Reading 50. Introduction to Alternative Investments
- Subject 1. Alternative investments
CFA Practice Question
The general partner in a partnership typically receives a management fee based on:
A. realized profits.
B. assets under management.
C. the highest value the fund has reached (high water mark).
Explanation: Incentive fee is based on realized profits or sometimes high water marks.
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