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NAV
Stands for Net Asset Value. The market value of a fund's total assets, minus its liabilities and intangible assets, divided by the number of shares outstanding. The measure is used to determine prices available to investors for redemptions and subscriptions. Hedge funds typically calculate their NAVs at the end of every business day, but report them to investors on a monthly basis.

net-fee requirement
A U.S. SEC rule stating that hedge fund managers and other types of investment advisors must deduct the advisory fees they charge from any performance figures presented to prospective investors.

net management return
Performance with management fees deducted.

net return
Performance with all fees deducted.

netting
The process of adjusting a gross amount, usually by subtracting. The term usually applies to the deduction of fees and taxes from an investment's return.

 

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