Incentive contracts and hedge fund management

Article, Research, Preprint, Book English OPEN
Jackwerth, Jens Carsten; Hodder, James E.;
  • Publisher: Warwick Business School, Financial Econometrics Research Centre
  • Subject: Anlageverhalten | Führungskräfte | Hedging | Vergütungssystem | Investmentfonds | Anreizvertrag | Hedgefonds | Hedge Fund; Management; Incentive | Theorie | HG
    • jel: jel:G23 | jel:G00
      ddc: ddc:330

This paper investigates dynamically optimal risk-taking by an expected-utility maximizing manager of a hedge fund. We examine the effects of variations on a compensation structure that includes a percentage management fee, a performance incentive for exceeding a specifi... View more
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