If a client on Fusion+ turns off the copier and 1 or 2 months later, turns it on again. Will the Equity High Watermark Performance Fee model be reset to start from his new Equity or does it take into consideration the Highest Point of Equity from the time the account was turned on previously?
Please explain that PF's are done on a month-to-month basis. If the accounts have a positive PnL for the month then at the EOM performance fees will be processed. So we simply look at starting equity of the month to the end of that month, so no if they turn off teh copier the HWM will be reset to what their equity start at the month they turn this back on.