High Water Marks
收藏NBER1998-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w6413
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资源简介：
Incentive fees for money managers are frequently accompanied by high-water mark provisions that condition the payment of the performance fee upon exceeding the previously achieved maximum share value. In this paper, we show that hedge fund performance fees are valuable to money managers, and
提供机构：
美国国家经济研究局
创建时间：
1998-02-01
