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See a is a manager has a 20 percent angina this year and next year 20 percent loss will that manager get a percent gain. Typically theyll get a gain an Incentive Fee on the 20 percent but not in the subsequent where were well into the next year until theyre back to where they were at the prior point and okay. So in essence their losses will offset their gain. Thats correct. One by one. Not everyone at the same time. The majority have my water marks. The claw back you get our money back if they lose money thats not the case here it is subsequent gains youre not paying an Incentive Fee. If they ...

That detroit is available t bece a bankrupt city. It is 18 billion in debt but not without potentially hurting pensioners. Were in detroit, diane, the big question now is moving forward how long does this whole process take . Were likely to see a reorganization plan in a month or so. But it is likely to be met with opposition from current municipal employees. Reporter the judge gave detroit state appointed emergency manager to file bankruptcy. Outside the courts were protesters. Services, pensions will be on the chopping block, our art institutes the water. It may be the only way to breathe ne...

From europe, including ukraines Prime Minister with those talks the demonstrations continue. And from the ballet to being behind bars, the dancer jailed for an acid attack. French scientists have found more than ten times the level in his chest bone, but say he wasnt poisoned. Al jazeera has been briefed on their study into samples taken from arafats exhumed body, and they conclude he died from a hemorrhage in his brain. Clayton swisher has the latest from pace. Here in paris, nearly a year after Yasir Arafats body was resumed, they have made available to mrs. Arafat and the legal team, the re...

Check the market and talk to the judge. Dagen we have to hit your slender. We have gains on the market right now despite the betterthanexpected numbers from adp, Nicole Petallides at the new york Stock Exchange. Nicole you mentioned adp, which was better. We also got new hom home Sales Numbers better than expected, we are seeing the market with three Straight Days of selling and they might have scooped up some opportunity. Right now Dow Jones Industrial of 41 points, a gain of one quarter of 1 . Microsoft hitting new highs, Goldman Sachs and United Health care and other leaders. Intel a winner...

From IU, Bae Suzy, Kim Ji Won, and more, here's a rundown of Kim Soo Hyun's leading ladies through the years. #KimSooHyun #QueenOfTears