NO.PZ202206140600000302
问题如下:
In Paulsen’s conversation with his colleagues, Statement 2 is best described as:选项:
A.correct. B.incorrect regarding bankruptcy risk. C.incorrect regarding alignment to the wealth funds’ risks.解释:
SolutionA is correct. ABC has the only symmetric fee structure of the three and the lowest sharing bonus. The symmetric structure and exposure to downside risk more closely align risk to that of the investor and cause a greater impact on bankruptcy risk compared to the other two managers, which have asymmetric bonus structures and do not participate in negative returns.
B and C are incorrect. Statement 2 is correct.
为啥这句话是对的,manager的incentive fee 和bankruptcy risk 有什么关系呢?