23:57 (2X)
![](https://qa-prod.oss-cn-beijing.aliyuncs.com/user-dir/stu_96476/Cb4jxeeMfKDGdNYhXfXKwyY2QsfQiwKQ_1720367989816.png)
『base plus sharing of positive performance,』有两种理解,
1.这里所说的positive performance是默认Rp>0时,就可以有资格拿incentive fee, 具体拿多少进入计算,具体金额根据后面的描述计算
2.还是说,在判断positive performance的时候就要根据后面的表述来判断,比如『sharing is based on return net of base fee』,只有Rp-base fee>0时,才有资格拿incentive fee
哪种理解才是对的?