Dybvig, Philip H.; Farnsworth, Heber K.; Carpenter, Jennifer - 2004
management fees but adopt passive strategies.
In summary, this paper makes three main contributions. First, it shows that
trading ….Ofcourse,theimplicationsofthiscontractmaybe
a lot different in our single-period model than in a multiperiod world in which
the amount of funds under management can … of the fund over a benchmark in addition to a fraction of end-
of-period assets under management. This suggests using …