Performancegebühr

Performancegebühr, also known as performance fee or incentive fee, is a type of charge that is levied on investment funds and other financial products. It is typically calculated as a percentage of the profits generated by the investment above a certain benchmark or hurdle rate. This means that the fund manager or advisor only earns a performance fee if the investment performs well, aligning their interests with those of the investors.

The purpose of a performancegebühr is to incentivize managers to achieve superior returns for their clients. By linking a portion of their compensation to the fund's success, managers are motivated to take on calculated risks and employ effective strategies to outperform market indices or predefined objectives. This fee structure is often found in hedge funds, private equity funds, and some actively managed mutual funds.

The calculation of a performancegebühr can vary significantly. It often includes a high-water mark, which ensures that a manager cannot charge a performance fee on recovered losses. The fee is usually applied to new profits that exceed the high-water mark. It is crucial for investors to carefully review the fee structure of any investment product, including the specifics of the performancegebühr, before investing. Understanding how and when these fees are charged is essential for accurately assessing the net returns of an investment.