That would be pretty unusual these days, oilleak, to have performance fee on a negative return. Use of high watermark ( no performance fee payable until previous high surpassed) is pretty standard these days.
AN1 CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch
Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks
