Practical Applications of On the Valuation of Performance Fees and Their Impact on Asset Managers’ Incentives

Dai, Wei; Merton, Robert C.; Savina, Rizova

doi:10.3905/jai.2021.pa456

JAI

2022

DOI: 10.3905/jai.2021.pa456

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Practical Applications of On the Valuation of Performance Fees and Their Impact on Asset Managers’ Incentives

Wei Dai¹,

Robert C. Merton²,

Rizova Savina³

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Practical Applications of On the Valuation of Performance Fees and Their Impact on Asset Managers’ Incentives

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