what does this mean ? thanks
Isn’t it just the minimum return that a hedge fund has to exceed to be paid incentive (performance) fees?
you are right mr. Maratikus.
why call implied rather than just hurdle rate?
Just a terminology I believe.
It may be the way that is referred (indirect reference) Just an example : Generally in India 35% is minimum pass marks to clear any standard. If someone says If you “pass”, you will get a gift. In this statement I’m not saying anything about % simply pass. But the student knows what is the implied % he has to achive to be eligible to receive that gift. Something like this ??? I don’t know. Just trying to be smart to explain this to you!