The Economics of Hedge Funds: Alpha, Fees, Leverage, and Valuation
收藏NBER2011-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w16842
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资源简介：
Hedge fund managers are compensated via management fees on the assets under management (AUM) and incentive fees indexed to the high-water mark (HWM). We study the effects of managerial skills (alpha) and compensation on dynamic leverage choices and the valuation of fees and investors' payoffs.
提供机构：
美国国家经济研究局
创建时间：
2011-03-01
