High Watermark

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High Watermark

The highest value of a benchmark over a certain period of time. High watermarks are mainly used to calculate bonuses for fund managers. That is, a manager may receive a bonus only if his investment decisions earn more than a certain percentage over the high watermark for a previous period.
References in classic literature ?
Way past high water mark," Captain Lynch remarked; "and I've been here eleven years.
The spot where we discovered the scarabaeus was on the coast of the main land, about a mile eastward of the island, and but a short distance above high water mark.
Ending 2005 with the highest wages for skilled technology professionals recorded in five years is a high water mark for the industry.
Plaid Cymru would win 16 seats - one short of what many regard as its high water mark of 1999.
Stein said NAFTA, as proposed, is clearly a more urgent priority to Mexico than for the United States: "Given that our leverage is at a high water mark right now, shouldn't we be negotiating better cooperation from Mexico in allowing interior repatriation of Mexican nationals and in developing better border infrastructure, border structures and joint apprehension and detention programs?
As a UPS Ready Program participant, Manhattan Associates has again demonstrated their commitment to maintain a high water mark in the industry by making the full portfolio of UPS services available to a broad constituency.
We believe the SkyWay 7000 system establishes a new, high water mark for price/performance in a broadband wireless radio system," summarizes David Gell.
To have actually exceeded our high water mark seems simultaneously inconceivable and totally appropriate.
Investors pay only a performance fee if their specific investment generates positive gains above a high water mark.