Carried interest Awhile back the Congresswoman on a legislative finance panel got her panties all tangled up mistakenly thinking "carried interest" is like interest on a loan-NOT! See below definition:
"Carried interest, or carry, in finance, is a share of the profits of an investment paid to the investment manager in excess of the amount that the manager contributes to the partnership, specifically in alternative investments. It is a performance fee, rewarding the manager for enhancing performance."
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