Market Analysis
Hedge Fund High-Water Marks Explained: How They Protect You From Paying Twice for the Same Gains
A high-water mark is the clause in a hedge fund's fee agreement that stops your manager from charging you a performance fee twice on the same dollar of gains.
Jeff Barnes, MBA··10 min read
Regulatory & Compliance
SEC Raises Qualified Client Thresholds to $1.4M and $2.7M: What Changes June 29, 2026
TL;DR: On April 28, 2026, the SEC issued Release No. IA-6961 , raising the dollar thresholds for "qualified client" status under Rule 205-3 of the Investment Advisers Act of 1940. Effective June 29,...
Jeff Barnes, MBA··9 min read