Performance fees allow you to calculate incentive-based fees based on a fund's performance in relation to a benchmark. You can set up fees for managing a fund where you adjust a base fee up if the fund outperforms its benchmark by a stated margin or where you adjust a base fee down if the fund underperforms its benchmark by a stated margin. You can use Eagle's accounting solution to calculate three types of performance fees: Current Period Variable Expense, Prior Period Budgeted Expense, and Prior Period Estimated Budgeted Expense.
The system can process performance fee expenses for master fund entities only. They are not accrued for other types of entities.
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