单选题

Do base management fees most likely get paid to the manager of a hedge fund regardless of the fund's performance?

A、 Yes
B、 No, only when the fund's gross return is positive
C、 No, only when the fund's net asset value exceeds the previous high water mark

【正确答案】 A

【答案解析】

A is correct because the base management fee is always paid to the fund manager regardless of performance.