An Equitable Structure for Hedge Fund Incentive Fees

• Main Authors: LEE, David K. C., LWI, Steven, PHOON, Kok Fai
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2004
• 主題: Performance Fee; Equalisation; Hedge Funds; Free-rider; Clawback; Alernative Investment; Multi-porfolio Approach; Finance and Financial Management
• 在線閱讀: https://ink.library.smu.edu.sg/lkcsb_research/3362; https://doi.org/10.3905/joi.2004.434549
• 機構: Singapore Management University

There are a variety of problems in fee structures between hedge fund managers and their clients. Examples here illustrate issues such as the free rider problem and the “claw-back” syndrome that can arise in fee contracts. A different “equalization” process that is both equitable and transparent to i...