Three Essays on Hedge Fund Fee Contracts, Managerial Incentives and Risk Taking Behaviors
Essay One Under the principal-agent framework, we study and compare different compensation schemes commonly adopted by hedge fund and mutual fund managers. We find that the option-like performance fee structure prevalent among hedge funds is suboptimal to the symmetric performance fee structure. How...
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| Format: | Others |
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ScholarWorks@UMass Amherst
2011
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| Online Access: | https://scholarworks.umass.edu/open_access_dissertations/446 https://scholarworks.umass.edu/cgi/viewcontent.cgi?article=1457&context=open_access_dissertations |