Indirect Incentives of Hedge Fund Managers
收藏NBER2013-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w18903
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资源简介：
Indirect incentives exist in the money management industry when good current performance increases future inflows of new capital, leading to higher future fees. We quantify the magnitude of indirect performance incentives for hedge fund managers. Flows respond quickly and strongly to performance;
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美国国家经济研究局创建时间：
2013-03-01
