The performance is calculated based on the high water-mark, when the NAV has increased beyond the previous HWM, Hodl may then only charge the performance fee on profits made when a participant wishes to exit or withdraw out of the fund
The performance is calculated based on the high water-mark, when the NAV has increased beyond the previous HWM, Hodl may then only charge the performance fee on profits made when a participant wishes to exit or withdraw out of the fund