The High Watermark

It becomes extremely hard to clear the high watermark for many funds out there Right. Under five you 10x the fund you like effectively made like 2.5-inch of money Yeah, cuz in the last it's good. I think he did it's a lot only fun and then got banged on meta I actually think that his life. said I think is really important that I perhaps some people don't appreciate but this high watermark concept Like if yeah down and like If you're like a new allocator into the space so say you want to put on risk We're in this environment again, and you have two managers of one is a new fund The other one is a

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