An Equitable Structure for Hedge Fund Incentive Fees
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...
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Institutional Knowledge at Singapore Management University
2004
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sg-smu-ink.lkcsb_research-43612016-01-09T09:40:19Z An Equitable Structure for Hedge Fund Incentive Fees LEE, David K. C. LWI, Steven PHOON, Kok Fai 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 investors would involve multiportfolios that give any fund a structure similar to that of a partnership organization, and overcomes the current drawbacks in contracts. Application of this structure should improve fund manager and investor compatibility. 2004-09-01T07:00:00Z text https://ink.library.smu.edu.sg/lkcsb_research/3362 info:doi/10.3905/joi.2004.434549 https://doi.org/10.3905/joi.2004.434549 Research Collection Lee Kong Chian School Of Business eng Institutional Knowledge at Singapore Management University Performance Fee Equalisation Hedge Funds Free-rider Clawback Alernative Investment Multi-porfolio Approach Finance and Financial Management |
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Performance Fee Equalisation Hedge Funds Free-rider Clawback Alernative Investment Multi-porfolio Approach Finance and Financial Management |
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Performance Fee Equalisation Hedge Funds Free-rider Clawback Alernative Investment Multi-porfolio Approach Finance and Financial Management LEE, David K. C. LWI, Steven PHOON, Kok Fai An Equitable Structure for Hedge Fund Incentive Fees |
| description |
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 investors would involve multiportfolios that give any fund a structure similar to that of a partnership organization, and overcomes the current drawbacks in contracts. Application of this structure should improve fund manager and investor compatibility. |
| format |
text |
| author |
LEE, David K. C. LWI, Steven PHOON, Kok Fai |
| author_facet |
LEE, David K. C. LWI, Steven PHOON, Kok Fai |
| author_sort |
LEE, David K. C. |
| title |
An Equitable Structure for Hedge Fund Incentive Fees |
| title_short |
An Equitable Structure for Hedge Fund Incentive Fees |
| title_full |
An Equitable Structure for Hedge Fund Incentive Fees |
| title_fullStr |
An Equitable Structure for Hedge Fund Incentive Fees |
| title_full_unstemmed |
An Equitable Structure for Hedge Fund Incentive Fees |
| title_sort |
equitable structure for hedge fund incentive fees |
| publisher |
Institutional Knowledge at Singapore Management University |
| publishDate |
2004 |
| url |
https://ink.library.smu.edu.sg/lkcsb_research/3362 https://doi.org/10.3905/joi.2004.434549 |
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1770571407627911168 |