Valuing Hedge Fund Fees
This thesis applies a Partial Integral Differential Equation model, along with a Monte Carlo approach to quantitatively analyze the no arbitrage value of hedge fund performance fees. From a no-arbitrage point of view, the investor in a hedge fund is providing a free option to the manager of th...
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| Format: | Others |
| Language: | en |
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University of Waterloo
2007
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| Online Access: | http://hdl.handle.net/10012/2931 |