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Despite all the criticism that hedge funds get for their compensation structures — they charge one fee up front, and take a big cut of any profits — Mr. Rajan likes part of the hedge-fund model: what is known as a "high water mark".
Similar(59)
Don't like part of the podcast?
They're like part of my skin.
He's like part of the family".
We feel like part of the family.
He was like part of my family".
"It was like part of a family.
They were like part of our family".
They feel like part of the content.
He seemed like part of the family.
The Wilsons feel like part of our extended family.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com