January 2013
Beginner
350 pages
10h 25m
English
The relationship between hedge fund incentives, discretion, and location in concentrated centers is generally thought to be positive, although more research remains to be done. Managers with higher fees have been shown to produce better results in a number of academic studies. The same is true for managers with longer lockups and terms. It is not yet clear how or even if specific manager locations and domiciles directly contribute to fund performance.
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