Page 7 - Performance Funds News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 ...

Gerri our top story, new momentum to put a kill switch on all cell phones. Its a way to permanently that is disable them so they are useless to thieves. Congress now taking up the issue. Smartphone theft counts for a third of all robberies in the u. S. According to the fcc take a look at these surveillance tapes. Phones snatched, people assaulted, beaten for their phones. Some victims, even killed, with me now, paul whose daughter meagan was shot and killed for the iphone. With us meagans sister. They are behind this new effort to make sure no family goes through what they went through. Welcom...

Orders and sales in italy, orders flat on the month, down. 2 on the month for sales and down nearly 5 on the year. So confirming some of the weakness that we know weve seen previously in the italian economy. Meanwhile, another gauge perhaps for the euro as we look to the strength of it lately. Thats the current counselor plus which in october was an adjusted 3. 9 billion euros, up quite a bit from the 2. 5 billion reported for september. Now that also comes after a day after the European Unions report suggesting that in fact the European Union would have to run a surplus, given its poor demogr...